By Jonathan Davies

A major redevelopment of Cardiff city centre is set to turn the Welsh capital into a "premier business location", according to the boss of the property developer behind the plans.

The plans involve transforming Central Square, the area currently occupied by a run down bus station, into one of the most modern business developments in the UK.

Over the next three to five years, Central Square could see a 135,000 sq ft grade A speculative office scheme, which is already under construction, one million square foot of new office, retail and residential space, the new headquarters of BBC Wales and the tallest building in Wales.

Paul McCarthy, chief executive of Rightacres, the property developer behind the redevelopment, said: “The aspiration is to create Cardiff’s premier business location that will attract indigenous businesses and inward investors to Cardiff.

“The new buildings will be set around a new square that is right in terms of scale and size and that will be capable of staging events such as food festivals and live street performances."

Leader of the City of Cardiff Council, Phil Bale said “Central Square is the key gateway to Cardiff and the wider city region for many potential investors, residents and visitors, and so its role in providing a positive image for Cardiff and Wales cannot be underestimated.

“The council has worked closely with Rightacres and its design team to create a master plan that is reflective of the city’s ambition to be amongst the most ‘liveable’ cities in the world."

Carole-Anne Davies, chief executive of the Design Commission for Wales, said: “The master plan proposals for Cardiff’s Central Square represent a catalyst for the transformation of the city’s profile and its capacity to attract further investment.

"The approach to the public space and integrated transport facilities is well considered and of high quality."

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