St. Modwen Properties
 | |
| Company type | Private limited company |
|---|---|
| Industry | Property and Regeneration |
| Predecessor | Clarke St. Modwen Redman Heenan International plc |
| Founded | 1966 |
| Headquarters | Birmingham, United Kingdom |
Key people | Sir Stanley Clarke CBE, (co-founder) Jim Leavesley, (co-founder) Danuta Gray, The Blackstone Group |
| Website | www.stmodwen.co.uk |
St. Modwen Properties Ltd. is a British-based property investment and development business specialising in the regeneration and remediation of
History
The business was founded by Sir Stanley Clarke CBE and his brother-in-law Jim Leavesley in 1966 as a property development business called Clarke St. Modwen.[2] In 1986 the management reversed the business into Redman Heenan International plc, a listed former engineering concern that had become a shell company.[2] At that time, in 1986, the name was changed to St. Modwen Properties plc.[2] In the 1980s the company developed the Stoke-on-Trent Garden Festival site.[2]
In January 2004 the company acquired a 230-acre site at
In January 2013 the company entered into a development agreement for the New Covent Garden Market site in London[5] and in March 2013 the company entered into a development agreement for the first phase of Swansea University's Bay Campus.[6]
In June 2016 the company entered into development agreements for the Spray Street Quarter in Woolwich, a regeneration project in joint venture with Notting Hill Housing to create a mixed-use development;[7] Chippenham Gateway in Wiltshire, a 79-acre site to be developed into a 1 million sq ft industrial park;[8] and Stanton Cross, Wellingborough, a project involving 1 million sq ft of industrial accommodation.[9]
In July 2016 the company established a private rented sector (PRS) business unit.[10]
In 2018, the
The company agreed to be acquired by
Operations
The company has three business units:[14]
- St. Modwen Homes
- St. Modwen Industrial & Logistics
- Strategic Land and Regeneration
The company owned a property portfolio valued at £0.9 billion at 30 November 2020.[1]
References
- ^ a b c d "Annual Report 2020" (PDF). St. Modwen Properties. Retrieved 3 March 2021.
- ^ a b c d "History". St. Modwen. Retrieved 3 April 2015.
- ^ "St Modwen buys 230 acre slice of Longbridge". Property Week. 6 January 2004. Retrieved 15 July 2016.
- ^ MG Rover report reveals lies, cover-up and bribery The Daily Telegraph, 11 September 2009
- ^ "St Modwen and Vinci JV sign contract for New Covent Garden Market regeneration". Property Magazine. 7 January 2013. Retrieved 15 July 2016.
- ^ "St Modwen confirmed as developer for first phase of Swansea University's £450m science and innovation campus". Wales online. 21 March 2013. Retrieved 15 July 2016.
- ^ "Regeneration of key Woolwich site between Crossrail and existing stations moves forward". South London Press. 24 June 2016. Retrieved 15 July 2016.
- ^ "New owners drawing up plans for 1m sq ft distribution park on M4". Swindon Business. 2 June 2016. Retrieved 15 July 2016.
- ^ "Developer which brought Lidl to Wellingborough signs up for Stanton Cross". Northamptonshire Telegraph. 10 June 2016. Retrieved 14 July 2016.
- ^ "Half Year Report 2016" (PDF). St. Modwen Properties. Retrieved 14 July 2016.
- ^ 11KBW, Faraday Development Ltd v West Berkshire Council: Court of Appeal gives important guidance on development agreements and options, and declares contract ineffective, published 15 November 2018, accessed 3 January 2024
- ^ Court of Appeal (Civil Division), Faraday Development Ltd. v West Berkshire Council, judgment dated 14 November 2018, accessed 3 January 2024
- ^ "St Modwen to accept £1.2bn takeover offer from Blackstone". IPE Real Assets. 20 May 2021. Retrieved 1 August 2021.
- ^ "About us". St. Modwen Properties. Retrieved 26 April 2017.