Laura Sharman 12 March 2019

Welsh council buys leisure park for £21m

Monmouthshire County Council has purchased the freehold of Newport Leisure Park for £21m.

The 11-acre site includes a cinema, restaurants, leisure facilities and parking spaces. New housing is also being developed in the area, which is close to the potential new route for the planned M4 link road.

Paul Matthews, CEO of the council, said: ‘We are pleased to have secured a well-let, long income asset that will provide an excellent annual return for the council and help us to sustain our wider service delivery portfolio in the years ahead.

He added: ‘It is the latest addition to our commercial investment portfolio following our recent acquisition of Castle-gate Business and Science Park.’

Photo: © Jaggery

#Income generation #Property

Analysis

Breaking down England's fiscal devolution plans

David Phillips of the IFS tells LocalGov why England's regional finance reforms are modest by global comparison and what ministers still need to get right.

Opinion

Why auditability matters in modern deputyship and appointeeship services

Idox's Sarah Mandley on why local authorities managing the finances of vulnerable adults need auditable systems to match rising, increasingly complex demand.

Most Popular News

Devolution plans threaten councils' existence, Localis warns

Council takes legal action to reclaim school sold in paperwork blunder

Future Sheffield: How one city council is upskilling its workforce

Nearly £80m handed to communities for tree-planting

London boroughs identify sites for 50,000 council homes

New Products

Safeguarding Children - the AAT Way

MSL enhances hygiene auditing with air quality testing for Awaab’s Law compliance

Cadcorp launches Mapestry

Bolton Council Upgrades 120+ School Crossings with Smart CMS Control by Lucy Zodion

NEC CONTRACTS HAS GONE DIGITAL: PAPERLESS, TO GIVE YOU MORE

Vent-Axia Delivers Social Housing a Smart Ventilation Solution Ahead of Awaab’s Law

New remotely lockable cabinet will help manage medication for people with mental health issues

Case Studies

Acrospire's Heritage Lighting Upgrade at Britannia Quay Balances Performance and Ecology

Acrospire Improves Safety Across Greenwich Subways with LED Lighting Upgrade

Cornwall’s Coastal Heritage Lighting Upgraded with Acrospire Lanterns

Acrospire Delivers Durable Handrail Lighting Upgrade for Historical Landmark Jacob’s Ladder

Acrospire Delivers Seamless Heritage Lighting Upgrade on Bath’s North Parade Bridge

Acrospire Delivers Retrofit Lighting for Newbridge’s Joe Calzaghe Footbridge

Acrospire Delivers PIR-Controlled Lighting at Ruislip Lido Car Park

Company Anouncements

Siemens, Asset Management Software, Formerly Brightly Software, Expands Solutions Portfolio to More Connected Insights

Acrospire promotes LED retrofit for structurally viable lighting assets

Vent-Axia Welcomes the Future Homes Standard as Competency Takes Centre Stage

Apricorn Becomes First and Only Hardware-Encrypted USB Storage Device Manufacturer to Achieve AS9100 Certification

AAT helps Councils step up to address children’s social care

CU Phosco Approved as a Crown Commercial Service Supplier

Acrospire triumphs at the 2025 HEA Awards with Sustainable Project of the Year

Senior/Principal Regeneration Officer

£45,465 - £55,379

Our town centre regeneration is moving from planning to delivery, and we're looking for someone who wants to help make regeneration happen. Fareham, Hampshire

Recuriter: Fareham Borough Council