Coed Darcy is recognised as playing a key part within the wider regeneration plans for Neath Port Talbot and South Wales due to the sheer size and scale of the development. The £1 billion community will eventually provide homes for around 10,000 residents with a range of community facilities.
Due to the company's regeneration credentials and skills as a developer, St. Modwen was selected to purchase the BP Llandarcy Oil refinery site in May 2008. This was the first time BP had approached a company to redevelop one of its site via the open market.
Following the acquisition of Coed Darcy, St. Modwen purchased a second portfolio of disused BP sites in November 2009 as part of a UK-wide deal, with more than 3,000 acres situated in South Wales.
The portfolio includes a project to transform Baglan Bay into a £500 million employment site and a third site on Fabian Way, where Swansea University has received planning consent for the new Bay Science and Innovation Campus.
Stretching from Barry and Neath to Swansea and Pembrokeshire, the sites form part of a multi-billion linked development, which will provide new opportunities in the fields of education, employment and housing.
These projects are identified within Neath Port Talbot County Borough Council's Waterfront Regeneration strategy as integral to the future success of its wider plans for the Borough's regeneration. Visit www.npt.gov.uk for further information.