Following a £39m funding deal between Muse Developments and M&G Investments, work is set to start on a new civic building in Colwyn Bay town centre, North Wales.
The finance, provided by M&G’s pension fund clients, enables the development of a new four-storey 100,000 sq ft office building for Conwy County Borough Council, which will accommodate around 750 staff and replace up to thirteen existing offices.
Wes Erlam, development director at Muse, said: “This is a great deal for Colwyn Bay, with tens of millions set to be invested into the ongoing regeneration of the town. We’re working with Conwy Council to deliver this important development which will help them to operate more efficiently and reduce their carbon footprint by bringing a number of key services together into one energy-efficient and accessible building.”
Contractors, Bowmer & Kirkland, are on site and work to demolish the existing buildings has started to make way for the new development. Construction is scheduled to start during Spring 2017, with completion expected in Autumn 2018.
Cllr Dilwyn Roberts, Leader of Conwy County Borough Council, said: “This new office building will not only help to streamline our office accommodation, but it’s also a key part of our regeneration programme in Colwyn Bay - bringing people into the heart of a town brings vitality, footfall and spend.”
The new development is a key part of the Council’s wider strategy to regenerate Colwyn Bay town centre.