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Birmingham Post
Birmingham Post
Business
Owen Hughes

Newport’s Victorian market set to open in March with more than 100 independent businesses at site

The regeneration of Newport’s Victorian market has moved into its final stages ahead of a formal opening in March.

Europe’s biggest indoor market regeneration project will house more than 100 independent businesses, offering a huge choice in food and drink, retail and lifestyle outlets.

Developers Loft Co have now let 95% of the market’s ground floor.

Former market traders Rae Barton Fruit and Veg and Friendly Neighbourhood Comics wlll be returning to the market, alongside new retailers such as Newport-based Pure Pets, Bristol’s Ashwell & Co, while gin-makers Cardiff Distillery will be launching their Newport brand at the new venue.

When completed, Newport Market will host more than 70 workspaces and offices of varying sizes – from two-person units to others able to house up to 13 people. More than 80% of these spaces are now let.

There will be 11 restaurants in the building’s food quarter and all of these are let.

Loft Co managing director Simon Baston said: “We’re delighted to have so many businesses already on board ahead of our March opening. The development has been received in the most positive manner by the private and public sector.

“Working in partnership with Newport City Council and Welsh Government, everything is to programme and as a company we simply cannot wait to welcome the first customers into the building to experience what we feel will be a market for the 21 st century.”

Newport Market will also be an events and music venue for up to 250 people – including sports games nights on Wednesdays, a Thursday night comedy club, and live music on Fridays.

Loft Co expect an annual footfall in excess of 1.5 million – making the ultra-low carbon footprint market, which will also feature a gym and rooftop garden, one of the most-visited historic buildings in Newport and the surrounding area.

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