A WIDE-RANGING is helping Swansea Council cut costs, attract new revenue, stimulate regeneration, create homes for local people and tackle the climate crisis.
An update in the council’s 2021-25 asset management plan has been presented to cabinet members.
It explains how the council’s approach to matters such as planning to transform the Civic Centre site and delivering eye-catching regeneration is proving successful.
Cabinet member David Hopkins said: “The plan sets out and develops the council’s ongoing approach to the management of its property asset portfolio – and this report provides an update on key elements of progress.”
The report flags up the council’s plan to have more of its remaining Civic Centre-based staff relocated to the Guildhall.
Others will remain at the seafront site as work progresses on new council locations, including the former BHS and a public sector hub close to Swansea Arena.
Vacating the Civic Centre site will allow the council to work with others on redeveloping that location.
The report also explains how the council manages the disposal of surplus land and property. This has helped the council create new homes for local people.
Another part of the report focuses on how the council invests in commercial properties.
Regeneration opportunities form part of the asset plan, with projects such as the arena and 71-72 Kingsway.
The council’s partnership with Urban Splash continues to make good progress. Early design work is underway for locations such as Copr Bay Phase.
Meanwhile, the redevelopment of listed Hafod Copperworks Powerhouse for Penderyn Distillery is nearing completion.
Refurbishment works also continue at the Palace Theatre building.
