This is a £100 million development of the Pembroke Dock Waterfront in West Wales. Conygar was appointed as developer by a client group comprising Pembrokeshire County Council, the Welsh Assembly Government, the Crown Estate and the Milford Haven Port Authority. Approval for the planning application was obtained in February 2008 and we acquired 100% control of the development in March 2008.
We have also acquired a 1.1 acre waterfront freehold site formerly occupied by Jewsons. This completes the land assembly process for our Martello Quays development, and whilst compulsory purchase procedures could have been implemented, we are pleased that the remaining land has been acquired through negotiation. Discussions are now underway with potential tenants for the leisure element of the scheme to act as the catalyst for this exciting mixed use waterfront scheme. The whole site comprises approximately 41.5 acres and has a planning consent to create a 260 berth marina with 21,500 square feet of marina and boat servicing facilities; 146 houses; 304 apartments; a new public promenade; 32,300 square feet of retail; 19,400 square feet of restaurant and pub facilities; and a 120 bed hotel. We continue to progress and optimise the design and engineering solutions and through this commitment, we are now able to consider a phased approach to the development. Given current market conditions, in our view this is the only sensible way to proceed.
For further information on this project, please go to our website www.martelloquays.co.uk