Swansea seeks developer for £750m city revamp

Swansea Council is to start the hunt for a development partner for its proposed £750m redevelopment of major city sites.The long-term strategic development partner would help the council regenerate locations such as Swansea Central Phase Two, the Civic Centre site, the Sailbridge site, and a large area of the former Hafod-Morfa Copperworks site.Swansea Central Phase Two is much of the city centre area between St Mary’s and St David’s Churches; parts of the copperworks site are already reserved for development by Penderyn Whisky and Skyline New Zealand.Other areas include the sites of the former Oxford Street School and St Thomas Station, an area bordered by the River Tawe and the lower part of the A4217.The council will publish an OJEU notice in the next 48 hours seeking expressions interest from potential partners.The new development partner will provide risk capital and the council will seek public sector grant funding if needed.Expressions of interest must be submitted by Monday, May 6 with the council happy to discuss the proposal before this date.