Privately owned developer Bride Hall has made a head start on two rival Cardiff retail schemes by securing supermarket Morrisons as its anchor tenant.
Morrisons has exchanged contracts to buy an anchor store at Bride Hall’s £50m scheme, which has been known as Cardiff International Sports Village but is to be renamed Cardiff Peninsular Retail Park.
Bride Hall and Morrisons declined to say how much the retailer had paid, but sources said it would pay just under £15m for an 80,000 sq ft (7,430 sq m) store on the site.
The deal catapults Bride Hall ahead of a rival scheme at Leckwith, promoted by Cardiff City Football Club and Capital & Regional and Land Securities’ and Capital Shopping Centres’St David’s 2 city centre scheme.
The Leckwith project is intended to fund a new stadium for the football club, chaired by Sam Hammam, and local sources said he and Cap & Reg had hoped to secure Morrison. Costco is now interested in taking space at Leckwith.
At Cardiff Peninsular Retail Park a detailed application for a foodstore has been submitted and is expected to be heard at a 25 May committee hearing. Work on this element is likely to start on site in September.
Bride Hall already had consent for a 160,000 sq ft (14,865 sq m) non-food element on an adjacent site and is in detailed talks with Toys R Us to relocate from the city centre to a 40,000 sq ft (3,715 sq m) store.
Work in the non-food element is also set to start on site this year, for completion by September 2006.
Bride Hall is to pay the city council £37m for the land for the retail park scheme. This will fund infrastructure and a new swimming pool for Cardiff, which will replace a pool that was demolished to make way for the Millennium Stadium in the late 1990s.
These sports-related elements are being developed by privately owned Orion Land & Leisure, which also plans a 4,000-seat arena for ice hockey team Cardiff Knights.
However, there is now some doubt over a proposed casino for the site, following the government’s reduction of the number of regional ‘super casinos’ from eight to one.
Harvey Spack Field and Colliers CRE are advising Bride Hall; Rees Richards is advising Morrison.