SPECULATION is mounting over potential expansion plans for Llanelli's St Elli Shopping Centre.
Since new owners NewRiver Retail bought the centre in a near £30 million deal earlier this month, rumours have circulated about a possible expansion.
It is believed that NewRiver has expressed an interest in the Stepney Precinct area — one of the gateways to the centre.
But this has not been confirmed by NewRiver or Carmarthenshire Council.
A spokesman for retail investment specialist NewRiver said that the company had been working in conjunction with the council, retailers, and stakeholders to "enhance" the centre.
And the council's head of corporate property Jonathan Fearn said: "We have met with NewRiver and welcome them as the new owners of the St Elli Centre.
"We are supporting them in their promotion and investment of the centre, and are discussing ways in which we can work together for the benefit of the market and its precincts."
Allan Lockhart, property director of NewRiver Retail, said: "We are very pleased to have acquired a high performing major food-anchored shopping centre."
He added that it would provide NewRiver with "sustainable and attractive cash on equity returns" and "excellent prospects for capital returns through pre-identified asset and development management initiatives".
NewRiver was unable to comment further at the time of going to print.
Hailed as good news for the town, St Elli Shopping Centre manager Andrew Stephens talked positively about the centre's new owners.
He said: "It's very positive — it's good news for the centre and it's good news for the town.
"The centre has been sold for just under £30 million and the new owners are very proactive in looking at shopping in the town."