DEVELOPMENT SET TO BEGIN ON NEWPORT CITY CENTRE PROJECT
Original article by Darren Wood for Business Leader as featured on the Business Leader website on 26th February 2018. To view the original, please click here.
The Fear Group has announced that after nearly eight years of ownership it is able to instruct demolition contractors to a Newport city centre site site to make way for development.
In 2010, the Fear Group purchased the former Sainsbury’s supermarket in the city centre, situated on approximately six acres of prime riverside land. In 2015, the company added to this, making the total land holding to almost seven acres.
The contract has been signed and contractors will start on site on Monday 26 February 2018.
A statement from The Fear Group said: “We very much appreciate the cooperation and encouragement we have had from Newport city council, many of the local councillors of all political persuasions, along with several of the local residents who have stuck with us regardless of the unfortunate delays. It is largely because of them that we have remained committed to Newport Gateway despite many frustrations.
“We are involved in numerous development projects throughout the UK and internationally, but none are more important to us than our commitment to this riverside regeneration opportunity.”
The group has admitted that changes will be necessary to its original planning consent, given the time that has elapsed and particularly the changes in the economic landscape as a result of Brexit.
The statement added: “We look forward to working with Newport City Council and other stakeholders to deliver an exceptional asset for the city, which will include a fully landscaped riverside walk and improved access to Newport Central Railway Station and Friars Walk Shopping Mall.”