Swansea University has put its student village in Sketty up for sale to raise funds to build a £200m science and innovation campus.
The Hendrefoilan village houses 1,644 students will make way for some 270 homes to be built in two phases starting in 2015. Students will be housed on the new campus.
A price has not been put on the land, but estate agents Savills said that bids will be based on a certain proposed scheme.
Iwan DaviesPro-vice chancellor, Swansea University said “These are very exciting times for the university as our ambitious expansion plans are now coming to fruition.
“We will be creating purpose-built student accommodation on the new campus and the sale of Hendrefoilan forms an integral part of our sustainable business plan for financing our campus development, both at the new campus and on Singleton Park.
“These developments are also part of our commitment to improving the student experience”
Building work on the new campus is due to start next year on a 69 acre site off Fabian Way, with around 4,000 direct jobs being created during the construction.
Oil conglomerate BP originally donated the land which has outline planning permission. The new campus will involve input fro Rolls Royce, Hewlett-Packard, Tata, Bell Labs and BAE. During the regeneration the University’s Singleton Park campus will also be refurbished.
Oil giant BP originally donated the land which has outline planning permission, while businesses who will be involved in the new campus include Rolls Royce, Hewlett-Packard, Tata, Bell Labs and BAE.
Scott Caldwell, a director of Savills in Cardiff, said “strong interest” was expected from the major housebuilders.
“Whilst the site will not be available until after completion of the student residents at the new campus in 2015, there is a lot of preparatory work to undertake between now and then and the university has decided to appoint a developer to work with in obtaining the best planning permission for the site,” he said.
The oldest part of the student village will be moved first, with the newer woodside flats remaining until around 2019 when the second phase of the new campus is finished.
The only part of the old student village which will remain untouched is the Grade II-listed Hendrefoilan House and stables which currently houses the South Wales Miners Library.