Landsec gets green light for 'transformative' retail investment in Cardiff

Real estate firm Landsec has secured planning permission from Cardiff City Council to transform a former Debenhams unit into a 102,000 sq ft city square.

This investment underscores the company's long-term commitment to retail, reaffirming confidence in the sector’s future and its ability to drive sustainable economic growth.

Designed with over 5,000 local residents, the redevelopment responds to consumer demand for high-quality leisure experiences, green spaces, and family-friendly environments.

The new plans will transform the former department store into a new public space equivalent to almost one and a half football pitches, incorporating nature, play and leisure.

Bruce Findlay, Managing Director for Retail at Landsec, said: "We believe in the future of well-managed retail spaces and this approval in Cardiff is a significant milestone in our long-term investment strategy for St David's Shopping Centre.

"The project underscores our commitment to creating exceptional experiences for our visitors which, in turn, provides a robust platform for our brand partners to grow."

The news comes as Landsec's retail portfolio continues to demonstrate "strong" performance, with occupancy now exceeding pre-pandemic levels at 96%, reinforcing its focus on high-quality, experience-led retail environments.

With a pipeline of retail investments across the UK, Landsec said it remains committed to delivering "innovative, consumer-centric destinations that drive long-term value".

St David’s Shopping Centre features numerous brands such as Space NK, John Lewis, Marks & Spencer, Oliver Bonas, Primark, Pull&Bear, and Sosandar. Sportswear retailer JD will also be opening a 32,000 sq ft new store later this year.