The Welsh Assembly Government is seeking a private sector development partner for the £25m regeneration of a site in Bargoed town centre, South Wales.

The Welsh Assembly and Caerphilly County Borough Council have formed a joint venture to redevelop a six acre retail and leisure complex in the Town Centre. Plans for the complex include a 60,000 sq ft food store, a 20,000 sq ft cinema and 46,000 sq ft shops.

The site is in the initial stages of construction and is part of a wider redevelopment of the surrounding area, the Greater Bargoed Regeneration Project, which includes a new £20m road scheme called Angel Way.

The Council and Welsh Assembly hope to appoint a developer in early 2008, ahead of the anticipated completion of preparations of the site by autumn 2008.

Cooke and Arkwright is advising.

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