Prison sale could unlock major city centre regeneration

The Government has been urged to name all nine city centre prisons earmarked for closure under ambitious plans to update the service’s property portfolio.

Cardiff Prison could be among nine Victorian Prisons to be sold off for development as part of a programme of closures announced in the Autumn Statement.

Mike Rees, Partner at property consultants Bruton Knowles’ Cardiff office said, the scheme could offer unique opportunities for regeneration.

He said:

“George Osborne has vowed to unlock development to boost home ownership. And that clearly includes closing some of our Victorian prisons and regenerating the sites for alternative uses, principally housing.”

“Cardiff Prison meets all the requirements. It’s a ten acre site in a prime city centre location.”

The Chancellor said Holloway Women’s Prison would be one of the first to be sold. An announcement on whether Cardiff Prison is included in the list of prisons to be closed will be made in due course.

Mike added:

“Regenerating Cardiff Prison could open a whole new chapter for this city centre site particularly in the context of its prime location close to the M4 link road, Cardiff Queen Street station and in addition, adjacent to and adjoining office , student and residential development.”

All these components mean that this site could become a highly valuable and much sought after opportunity.

The closure and sale of the seven prisons is expected to net the Government up to £80 million and free up space for more than 3,000 jobs.