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The university says an extension to its Atrium campus in Cardiff opening in September 2014 will cater for up to 1, 200 more students, meeting demand from the creative industries and financial sector.
BBC: South East Wales
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The centre of excellence, on the Lakes College site, will cater for up to 600 students when it fully opens in 2013.
BBC: Work starts on Lillyhall 'nuclear' campus
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The Victorian prison, which can cater for up to 1, 450 adult male prisoners, became the first UK jail to be taken over by a private company in October 2011 when G4S secured a 15-year contract.
BBC: Winson Green Prison: Four officers 'glassed' by inmate