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Land Securities and Capital Shopping Centres Join Forces in Cardiff

CARDIFF-Land Securities and Capital Shopping Centres have agreed to merge their landholdings in Cardiff to bring forward a 750,000 sf redevelopment of the retail core of the Welsh capital.

By Graham Parker | Updated on September 17, 2001

CARDIFF-The Welsh capital is to see its biggest-ever retail development with a plan by Land Securities and Capital Shopping centres to redevelop the retail core of Cardiff with 750,000 sf of retail-led mixed-use space.

The two will merge their existing landholdings in the city to create the new site. Land Securities owns the prime St David’s Centre, which fronts onto Queen Street and The Hayes, and Capital Shopping Centres owns most of the other retailing on The Hayes. Cardiff Council has lent its support to the proposal, which it believes will strengthen Cardiff’s attraction as a major shopping centre and its international reputation as a tourist and leisure destination.

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