New £8million development planned for SA1 Swansea Waterfront

Contracts between the Welsh Government and Bridgend based Waterstone Homes have been completed paving the way for a new £8M prestigious development on SA1 Swansea Waterfront.

Waterstone Homes has secured a prime water-fronted  site from the Welsh Government that overlooks the Prince of Wales Dock and adjacent to the iconic Norwegian Church.

Waterstone’s have planning consent  to construct a high quality development comprising 25 apartments over four  floors above a 8,000 sq ft of waterfront retail/leisure space with outside seating for restaurant operators.

It is anticipated to create and support 220  jobs and generate over £22M of economic activity.

The apartments –  which will also enjoy sea views – are predominantly spacious two bedroomed with large balconies and parking. The development will also include a few penthouses

This is another significant investment at SA1 by Waterstone  as the company was behind  a substantial development which included  the Premier Inn, Tesco and the Waterfront Beefeater.

Economy Minister Edwina Hart said:

“The SA1 quarter has transformed what was disused dockland into a vibrant development which continues to provide investment opportunities for Welsh developers, creating jobs, supporting businesses and providing homes. It is a flagship development driving forward the regenerating of the area.”

Simon Jehu from Waterstone Homes said:

“It’s fantastic to continue to develop out the SA1 Swansea Waterfront site. Developments like this and others that we are working on in the area will help Swansea start a new chapter in its great history. We have a lot of interest in both the apartments and the retail space and anticipate this being a great success.”

Waterstone Homes, which is part of the Jehu Group , has built more than 500 homes across South Wales and the West of England over the last few years.

Andrew Gibson, Director at Cushman & Wakefield who act for the Welsh Government as land agent at SA1, said:

“This latest transaction to complete at SA1, with regional developer, Waterstone Homes, demonstrates the continued strength in this exciting location. SA1 has entered the next phase of its development and this scheme is a key piece of that jigsaw, providing a high quality residential offering and further leisure facilities for the scheme.”