A MASTERPLAN for the £600m regeneration of the Osney Mead industrial estate in Oxford will be released later this week.

The Oxford University plan aims to "provide increased opportunities for employment, homes and supporting uses, and better pedestrian and cycle connections to the City centre and surrounding areas."

It is also hoped it could transform the estate into a "pleasant waterside space."

Oxford University, which wants to transform the area into a mixed development featuring offices, research facilities and more than 600 apartments for graduates and academics, will hold a public consultation on the scheme on Wednesday.

The site is also seen as a key element of a wider plan for the West End of the the city, alongside the Oxpens development.

Oxford City Council is believed to be considering whether there should be a wider planning document covering the station area, Oxpens and Osney Mead.

Work could begin within three years on the regeneration which would take place over a period of 20 years and create thousands of jobs.

The plan will cover the whole Osney Mead industrial estate, including the Calor site, Booker Wholesale, the King's Centre and Newsquest Oxfordshire's offices for the Oxford Mail and The Oxford Times.

Residents can view the plans and give feedback at the King's Centre in Osney Mead on Wednesday between 4pm and 7pm.