Rightacres and Knight Frank launch £100m Cardiff BTR opportunity

Rightacres Property Co and Knight Frank launch a £100m Build to Rent development opportunity in Cardiff city centre.

The Central Square regeneration project in Cardiff | BTR News
The Central Square regeneration project in Cardiff.

Acting on behalf of Rightacres Property Co, property consultancy firm Knight Frank has launched a £100m Build to Rent development opportunity in Cardiff city centre.

The 0.52-acre site, currently known as ‘Plot 5’ has planning permission for 364-residential units over 35-storeys.

Knight Frank are marketing the site on behalf of Rightacres.

The mixed-use development will contain 148 studios, 88 one-bed, 125 two-bed, and three three-bed units, as well as ground and mezzanine level commercial accommodation.

Plot 5 has a GDV of £100m and will be the last development within Cardiff’s iconic Central Square regeneration project – a £450m, ten year plan that is being delivered by Rightacres Property Co.

“The site is an integral part of the broader Central Square regeneration. It is the final piece of the masterplan which, once built, will sit amongst over 1 million sq ft of prime office, retail, leisure and residential space. This is a prime opportunity to acquire a major city centre development site, which benefits from a market-leading provision of resident amenity accommodation. As a result, we expect to receive strong interest from the market.”

Claire Fisher, Associate in the Residential Investment team, Knight Frank

Currently, Rightacres Property Co has already delivered 1.4m sq ft of prime mixed-use accommodation.

Central Square comprises a 12-acre mixed use development anchored by major occupiers including the BBC, HMRC and Cardiff University.

Cardiff Central Railway Station is located approximately 150 metres to the south of the site, providing prime transport links coming in and out of the city.

Knight Frank’s Residential Investment and Cardiff Land teams are jointly marketing the site.