St Modwen gets £150m Swansea Uni campus deal
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.
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.
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 4, BAM construction, building, Business, career change, construction industry, Employment, Investment, Leadbitter, Neath Port Talbot County Borough Council, new jobs, regeneration, skills, Swansea University, t4ts, trade, trades, train, train4tradeskills, Vinci, Willmott Dixon. Bookmark the permalink. Leave a comment.