St Modwen gets £150m Swansea Uni campus deal

Swansea University New Development 1Swansea University has signed a £150 million contract with developer St Modwen to build new campus that will create jobs and boost the trades.

Work on the first building will get underway in April, with Bam Construction, Leadbitter, Vinci and Willmott Dixon in the tender race to build a £23 million innovation hub centre at the site.

Bill Oliver, chief Executive of St. Modwen, said: “This is an incredibly exciting project and one that complements our extensive experience in regenerating complex sites.

“We are very pleased to have agreed terms and look forward to engaging with Swansea University, Neath Port Talbot Council and other stakeholders to progress the delivery of this substantial and strategic development.”

The first phase of this scheme, which received detailed planning permission in December 2012 from Neath Port Talbot County Borough Council, will comprise 700,000 sq ft of development including 430,000 sq ft of academic space as well as 900 student apartments.

This will deliver world-leading research, innovation and education facilities for Swansea. St. Modwen expects to start on site in April 2013.

Swansea University New DevelopmentThe project on an old BP refinery site in Neath has already been given a detailed planning permission for 430,000 sq ft of academic buildings and 900 student apartments.

The Leader of Neath Port Talbot Council, Councillor Ali Thomas, said: ‘‘This project will provide a considerable economic boost not just for Neath Port Talbot but for the wider region.

“It will support the growth of highly skilled jobs and knowledge-driven businesses and is an exciting and outstanding example of the major new developments which the Fabian Way Corridor is attracting. I look forward to watching it progress.’’

The University has already secured funding from the European Investment Bank and the Welsh Government while St Modwen has secured the investment sale of 50% of the student accommodation to a major institutional investor.

An outline planning permission is already in place for future development phases which will be in excess of £300 million in value.

Advertisements

About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on February 5, 2013, in Building Construction Industry, Building Engineering Sector, Business, Career change, Construction, construction jobs, construction news, Employment, Environment, Government, Infrastructure, jobs, Politics, Property maintenance busines, t4ts, Trades, train4tradeskills, Train4TradeSkills News, UK Economy and tagged , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: