Hammerson and Urban Splash have been selected as preferred developers for a 30-acre mixed use scheme in Swansea city centre.
The developers, who last collaborated on the residential element of the Bullring in Birmingham city centre, were chosen for the scheme by the City and County of Swansea and the Welsh Assembly Government following a nine-month European-wide competition.
Hammerson and Urban Splash will now work on a phased development of the site, which encompasses the existing Quadrant shopping centre, and is bordered by Princess Way and Westway.
The masterplan, drawn up by architects BDP, will include 600,000 sq ft of additional retail space and 1,000 residential units, as well as a hotel and office and leisure uses.
John Richards, Hammerson chief executive, said: ‘This appointment reflects Hammerson’s proven track record of large-scale, mixed-use urban regeneration. We look forward to working with the Council and the Welsh Assembly to bring forward the development of this important site.’
Jason Collard, managing director or Urban Splash South West, said: ‘This will be our first development in Wales and Urban Splash is delighted to be working once more with Hammerson, following our successful collaboration on Bullring in Birmingham City Centre.’
DTZ advised the City and County of Swansea.