Legal & General completed the largest privately funded development in Wales, Cardiff Central Square, in partnership with the Welsh Government and Rightacres Property, winning the site a CoStar Impact Award.
Comprising over 500,000 square feet, the final major element of a £400 million regeneration scheme will include: the new bus station; 318 build-to-rent apartments; and 100,000 square feet of Grade A office space.
About the project: A huge undertaking in the centre of the Welsh capital, with many interlocking pieces and stakeholders.
What the judges said: "Chosen due to the latest Interchange building which was funded from various sources, all with an interest in regeneration. Great design on a very constrained site. Also, a great mix of potential occupiers and uses including bus station, offices, apartments and retail/leisure. A real regenerative development," according to Owen Young, partner, agency developer at Alder King.
John James, director at Fletcher Morgan, said: "The Central Square development has transformed a previously run down public transport gateway to the city. Creating much needed new bus terminal and attracting/securing high quality office jobs."
Cenydd Rowlands, property director, Development Bank of Wales, added: "Innovatively designed, mix-use scheme comprising a new public bus station, BTR apartments and grade A office space that will complete this high profile, city centre regeneration."
They made it happen: Paul McCarthy, chief executive of Rightacres; Tom Roberts, head of strategic investments at LGIM Real Assets; Gareth Lloyd, partner, Knight Frank.