The Cambrian Hotel, a landmark building and development opportunity in Saundersfoot, ceased trading in 2006, and has been purchased by a joint venture between South Wales developers Actoris and Waterstone Homes. The property has planning permission for a mixed use development scheme comprising apartments and commercial space.
Matt Bryant, Director of Actoris states, "We are very pleased to have the opportunity of carrying out a significant redevelopment in the heart of Saundersfoot breathing new life into a landmark building. We hope to commence works early in 2011."
James Petherick of GVA adds, "We are thrilled to have completed this transaction with Actoris and Waterstone Homes, two highly respected South Wales developers. The Cambrian Hotel is a focal point of strategic importance for the village of Saundersfoot and to see it restored together with new retail and residential accommodation, will bring significant improvements to the area."
For further information, contact:
James Petherick, GVA, Tel: 07939 565 193
Notes to editors
GVA is one of the UK's leading property consultants operating from 12 offices with 890 fee earners generating a turnover of £129.5 million year ending 30 April 2010.
The company provides a full range of property-related advisory led services including agency, planning, development and regeneration, rating, building consultancy, investment, management, valuation and corporate recovery.
It also offers specialist advice in areas such as finance, economic and social policy, telecomms, education, healthcare, hotels and leisure, retail, sustainability, contamination, plant and machinery and the automotive and roadside sectors. For further information visit www.gva.co.uk
GVA is a founding member of GVA Worldwide, an international organisation of real estate industry leaders serving key markets in over 25 countries. The organisation comprises of over 2,500 real estate professionals in over 85 markets worldwide.
A leading advisor in commercial real estate, GVA Worldwide optimises client portfolios locally and around the world. It serves the real estate needs of clients including multinational corporations, major space users, developers, owners, institutions, lenders and investors. For more information visit www.gvaworldwide.com