UK regeneration group St Modwen has been contracted by Swansea University to develop the first phase of the £450 mln (€530 mln) new Science and Innovation Campus in the Welsh city.

UK regeneration group St Modwen has been contracted by Swansea University to develop the first phase of the £450 mln (€530 mln) new Science and Innovation Campus in the Welsh city.

The entire campus will be located on St. Modwen’s 65-acre Transit site, one of the holdings within a 2,500-acre portfolio acquired from BP in 2009, and which has been fully remediated.

The first phase of the scheme, which received detailed planning permission in December 2012 from Neath Port Talbot County Borough Council, will comprise 65,000 m2 of development including 40,000 m2 of academic space, 899 student apartments and associated retail space.

Preparatory works have already commenced on site.

'Coupled with our ongoing regeneration of Coed Darcy, Baglan Bay and Glan Llyn at Newport, this project plays a major part in the transformational change that we are delivering in South Wales,' said Bill Oliver, chief executive of St Modwen.