St. Modwen, the UK's leading regeneration specialist, has signed the Section 106 Agreement with Newport City Council, allowing plans for the redevelopment of the former Corus Llanwern steelworks into a £1 billion urban community to commence.

St. Modwen acquired the 600 acre disused site from Corus in 2004 and has subsequently been granted full planning consent to progress the large scale remediation work and re-development plans to create Glan Llyn.

Over the next 20 years, Glan Llyn will become one of the most significant newly-built communities in Wales. As well as providing around 4,000 new homes and 6,000 new jobs, Glan Llyn will include a new district centre with a variety of retail and leisure facilities as well as schools, a library, police station, supermarket and doctor's surgery. The scheme will also have significant areas of play, amenity and sports space, as well as parks and lakes.

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Rob Skelston, Development Director for St. Modwen in South Wales, said: "Signing the Agreement with Newport City Council signals an important milestone for the development of the site, meaning we can now start physical building work on the first residential phase of housing and also Celtic Business Park.

"Over the past four years, we have been carrying out significant remediation works, reusing materials from the ground wherever possible to prepare the land for development. We have also been marketing the site to potential house builders and commercial occupiers and we expect to be able to announce a residential partner very shortly for phase one."

(CD/BMcC)