St. Modwen has completed on the sale of its interests in a purpose-built student accommodation building at Swansea University Bay Campus for a total consideration of £38m. The 411-bedroom accommodation was sold to University Partnerships Programme ,a leading provider of on-campus residential and academic accommodation infrastructure.
Following completion of the building, the accommodation has been occupied by student residents since January 2019. The planned disposal marks the latest milestone in the delivery of the Swansea University Bay Campus as part of St. Modwen’s wider regeneration of the former industrial area into modern academic, residential and recreational space. It follows the disposal of a first phase of student accommodation, totalling 2005 rooms, to UPP in February 2018.
|Source : Company|