Contractors including Vinci and Bouygues working at new campus scheme in Swansea

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Developer St Modwen has sold part of its stake in a university campus scheme in south Wales that has been built by a team including Vinci, Bouygues and Galliford Try.

The regeneration specialist said it has offloaded its lease for student accommodation at the Swansea University Bay Campus for just over £87m to specialist student accommodation firm University Partnerships Programme.

The entire £450m Bay Campus scheme is due to complete in 2020 and involves turning a former BP site near Port Talbot into student accommodation and research space. Work also includes revamping the university’s main Singleton campus on the city’s beachfront.

The latest phase of work opened last September with the completion of more than 500 rooms bringing the number completed to more than 2,000.