The Welsh Government has confirmed that sale has been agreed on two plots at Parc Bryn Cegin in Bangor.
Welsh Government agreed a deal to sell land at Parc Bryn Cegin near last month.
The site was built in 2000 and despite several promises of development, it has remained empty for over twenty years. More than £11m has been spent on the site but no businesses have ever been located on the site.
Liberty Properties Developments Ltd were chosen by the Welsh Government in 2015 to create a multi-screen cinema and restaurant scheme, but while a cinema operator has been secured, the developers have been unable to attract enough restaurants to make the scheme viable.
More recently plans for a £14m cheese plant didn’t materialise. A 187 space ‘Park and Share’ car park was completed at the site this year, originally planned for a shuttle bus service for the now shelved Wylfa Newydd nuclear site on Anglesey, but has remained unused since its completion.
North Wales minister Lesley Griffiths told North Walers Live that the sale of two plots had been agreed by Economy minister Vaughan Gething and that a number of further enquiries are being progressed.
She added that there has been a spike in market interest with a number of enquiries and they were working with the North Wales Economic Ambition Board and Gwynedd council in order to develop the site.
Development Plots are for sale at the 90 acre site with the Welsh Government offering additional financial support to qualifying projects.
The sites are available for sale freehold subject to confirmation of design and use in accordance with the ‘overall masterplan’ of Parc Bryn Cegin.
All developments must comply with Welsh Government’s sustainable buildings policy. Individual development plots from 0.91 hectares (2.25 acres) up to 2.29 hectares (5.66 acres) are available.
