Published: 13th Mar 2019

Monmouthshire County Council has purchased Newport Leisure Park for £21m. The council has confirmed that it has acquired the freehold of the 141,000 sq. ft leisure park, which contains a 13-screen cinema, gym and car parking space. The council says the park is a ‘crucial purchase’ due to the large amounts of new housing being built in the area, which is close to the proposed route for the new M4 relief road which is set to be built by 2022. Paul Matthews, CEO of Monmouthshire County 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. ‘Newport Leisure Park serves a large catchment area in South Wales and taps into the long-term demand for experiential consumer spend and leisure activities.’ The 141,000 sq. … (To read the full article, subscribe below)