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Published on: Friday August 19, 2022

Kartay has bought a chunk of Swansea’s Oxford Street with a view to revitalising the city’s retail and hospitality offering.

Kartay’s latest acquisition was discussed in detail at the Scrutiny Programme Committee Meeting, as details of the recent investment were contained in an email sent to Cllr Rob Stewart from Kartay’s Managing Director, Ian Morgan.

The council meeting was held to discuss the new central library, community hub and archives development which is taking shape at the city’s former BHS store on the corner of Oxford Street and Princess Way. Cllr Stewart read out contents from the email during the meeting to use as evidence that council-led regeneration in the city was encouraging private investment to follow suit.

The email noted that Kartay Holdings was committed to investing throughout the City because of the work going on in Swansea, and added Kartay “wanted to sincerely thank you and the team [Swansea City Council] for the work you are doing for the city.”

Cllr Stewart noted the investment by companies like Kartay Holdings was
“exactly what we want to see”.