In November 2009, St. Modwen completed the purchase of a portfolio of disused BP sites across the UK with the majority of land, more than 3,000 acres, situated in South Wales. The sale of the portfolio is only the second time that BP has approached the open market to dispose of its disused sites. The first time was for the sale of the Llandarcy Oil Refinery site.
The deal is a testament to St. Modwen’s remediation expertise and skill as a developer and the company's credentials and reputation as a leading regeneration specialist in the UK.
With each deal, BP has paid St. Modwen a dowry to pay for the remediation works which will ensure that the oil giant leaves a positive legacy in South Wales – remediating the site to allow the land to be transformed into sustainable communities like this development at Coed Darcy.
St. Modwen is committed to ensuring BP’s legacy lives on. In autumn 2009, St. Modwen worked with the National Waterfront Museum in Swansea to celebrate the history and retain the legacy of the site through an exhibition called Llandarcy: Down to the Last Drop.