Baglan Bay is one of nine former BP sites in south Wales, which St. Modwen was selected to purchase during 2008-09.
With sites in Port Talbot, Swansea and Neath and others in Barry and Pembrokeshire, St. Modwen now owns and manages around 3,267 acres - the equivalent of more than 1,815 Liberty Stadiums - in south Wales alone.
The sites form part of a massive £3 billion linked development that will completely transform an area extending from Neath Port Talbot to Swansea by developing new housing, employment, education and leisure opportunities.
Reflecting St. Modwen’s expertise in remediation and regeneration, the sale of the portfolio is only the second time BP has allowed an external company to clean up its disused refining sites.
The first time was for the former 1,060 acre Llandarcy oil refinery in nearby Llandarcy in Neath, which St. Modwen is already redeveloping into the £1.2 billion Coed Darcy urban village.
In May 2010, St. Modwen started a programme of remediation works at Baglan Bay and the company commenced similar works at Transit, also a former BP owned site, located within the Swansea Docks area in July 2010.
Taking three years to complete, St. Modwen will work alongside environmental experts as well as Neath Port Talbot County Borough Council and Environment Agency Wales to deliver the programme in a safe and sustainable way.
St. Modwen will transform Baglan Bay into a visionary and sustainable employment site over a 20-year period.