The vibrant city of Swansea is set to welcome the first tenants of a luxurious new office block located on The Kingsway. The exciting reveal of the initial occupants, travel company TUI and workspace provider IWG Ltd, adds a touch of exclusivity to this innovative development that promises a ‘wow factor’ for its users. The impressive 104,000 sq ft office building, which has replaced the former Oceana nightclub, has been commissioned by Swansea Council and boasts a range of amenities including flexible working spaces, an events hall, and room for food and beverage establishments. The building is expected to officially open its doors in the spring, creating opportunities for hundreds of job openings.
Council leader Rob Stewart expressed his delight at the announcement of TUI and IWG as the first tenants of the property. He highlighted the importance of providing high-quality office spaces in Swansea to attract new businesses, create job opportunities, and encourage existing companies to remain in the city. The move towards developing modern office accommodation like 71/72 The Kingsway aims to steer businesses towards Swansea and away from potential relocation options elsewhere.
The news of TUI and IWG setting up base at 71/72 The Kingsway has been met with anticipation as the tenants prepare to fit-out their respective areas. Wayne Berger, UK chief executive of IWG, shared his excitement about offering top-notch workspaces that cater to businesses of all sizes in Swansea, emphasizing the access to a global network of workspaces provided by IWG. Similarly, Neil Swanson, managing director of TUI UK and Ireland, expressed enthusiasm for the move and praised the meticulous planning that went into creating a superior work environment for their employees.
Cllr Robert Francis-Davies, cabinet member for investment, regeneration, and tourism, emphasized the positive impact that schemes like 71/72 The Kingsway will have on the city centre by accommodating up to 600 workers and increasing footfall. This growth is expected to benefit existing traders and attract further investment in the form of new shops and businesses. The importance of this development in the context of the larger Swansea Bay City Region project was underscored, shedding light on its contribution to economic growth and community innovation.
The involvement of the UK and Welsh Governments in financing this landmark project has been instrumental in propelling Swansea towards sustainable growth and fostering innovation in the region. The report detailing the contract value of nearly £50 million for 71/72 The Kingsway highlights a significant investment in the city, with a focus on local procurement and community integration. The commitment to sourcing subcontractors from within Wales further strengthens the project’s ties to the local economy, ensuring a collaborative effort towards its success.
As the completion of 71/72 The Kingsway draws near, the anticipation for this futuristic workspace equipped with modern facilities such as a green rooftop terrace, bike spaces, electric bike charging points, and enhanced connectivity within the city continues to build. The project’s strategic location and innovative design will undoubtedly contribute to Swansea’s evolving landscape, offering a dynamic work environment for businesses and ushering in a new era of growth and development for the vibrant city.