MODUS has beaten Multiplex to land the role of developer on a £200 million retail scheme in South Wales.
Bids from Amec, Wilson Bowden and St Modwen were also stopped short when the battle for the redevelopment of John Frost Square in Newport became a two horse race.
Newport City Council, which is running the scheme with a publicly funded development company Newport Unlimited, made the decision last week.
Project bosses had hoped to have a developer on board by the end of last year but a mistake in the OJEC notice said bids would be fixed rather than negotiated.
The development will provide 40,000 sq m of new and refurbished retail space, parking for 1,400 cars, plus 137 residential units.
Work will start in 2006 and is due to take four years.