en.Wedoany.com Reported - UK build-to-rent specialist developer Watkin Jones has secured a planning permission resolution to proceed with the Custom House Street scheme in Cardiff, subject to the completion of a Section 106 agreement. Formal planning permission is expected to be granted in late summer.

The 33-story project will redevelop a long-vacant city center site near Cardiff Central Station and St David's Shopping Centre. Originally approved in 2016 as a 42-story student accommodation block, the project was unable to proceed due to challenging market conditions and changing demand.

Since then, the developer has revised the scheme to a co-living model, thereby reducing the building height. The tower will contain 400 fully furnished co-living studios, featuring shared kitchens, dining areas, lounges, fitness facilities, and landscaped communal spaces.

Watkin Jones stated that the project will help meet the demand for managed rental housing among young professionals and small families in the city center. This approval further expands the developer's growing project pipeline in Cardiff, following the near-completion of the first phase of its Central Quay development, Tai Afon, last month.

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