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UK: Watkin Jones has completed the second and final phase of Tai Afon, a £200 million build-to-rent development delivered for L&G at Central Quay in Cardiff.
The completion of the final 316 apartments follows the delivery of the scheme’s first 402 homes in May 2026, taking the total to 718.
Watkin Jones describes Tai Afon as the largest build-to-rent development completed in Wales.
The scheme offers a mix of studios and one, two and three-bedroom apartments alongside resident amenities including coworking facilities, private dining spaces, a podcast studio, cinema, gym, yoga and spin studios, lounges and roof terraces.
Tai Afon also includes more than 1,810 square metres of ground-floor commercial space.
Public realm improvements include a new square overlooking the River Taff, filtered water gardens, outdoor decking and landscaping featuring native trees and shrubs.
Gwyn Pritchard, managing director at Watkin Jones, said: “Delivering a development of this scale, marking the completion of Wales’ most significant BTR development, comprising 718 homes and substantial new public realm, demonstrates Watkin Jones’ ability to deliver complex residential for rent projects in partnership with leading institutional investors.”
The scheme was forward funded by L&G and forms part of its growing build-to-rent portfolio. The investor has deployed £4 billion through its BTR strategy across 12 UK cities.
Tai Afon completes the first phase of Rightacres’ wider Central Quay redevelopment of the former Brains Brewery site.
The £1 billion masterplan aims to create a mixed-use neighbourhood beside Cardiff Central railway station, within walking distance of the city centre and Principality Stadium.
Highlights
- Watkin Jones has completed the final 316 homes at Tai Afon
- The development provides 718 build-to-rent apartments in total
- L&G forward funded the scheme with an investment of approximately £200 million
- The project forms part of Cardiff’s £1 billion Central Quay regeneration
- Tai Afon includes residential amenities, commercial space and new public realm
