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St. Modwen Properties plc () is a British-based property investment and development business specialising in the regeneration and remediation of brownfield land and urban environments. It is headquartered in Birmingham and has a network of four regional offices across the UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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''. In 1986 the management reversed the business into Redman Heenan International plc, a listed former engineering concern that had become a shell company. At that time, in 1986, the name was changed to ''St. Modwen Properties plc''. In the 1980s the company developed the Stoke-on-Trent Garden Festival site. In January 2004 the company acquired a 230-acre site at Longbridge from Phoenix Venture Holdings. The land at the Longbridge site was obtained by St Modwen Properties at a fraction of the actual value after the company paid a £100,000 property commission to a firm run by an associate of the Phoenix Four.MG Rover report reveals lies, cover-up and bribery
''The Daily Telegraph'', 11 September 2009
In January 2013 the company entered into a development agreement for the New Covent Garden Market site in London and in March 2013 the company entered into a development agreement for the first phase of Swansea University's Bay Campus. 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; Chippenham Gateway in Wiltshire, a 79-acre site to be developed into a 1 million sq ft industrial park; and Stanton Cross, Wellingborough, a project involving 1 million sq ft of industrial accommodation. In July 2016 the company established a private rented sector (PRS) business unit.

Operations

The company has three business units: * 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.

References



External links

*
St. Modwen Homes Website
{{DEFAULTSORT:Saint Modwen Properties Category:Companies based in Birmingham, West Midlands Category:Real estate companies established in 1966 Category:Property companies of the United Kingdom Category:Companies listed on the London Stock Exchange Category:1966 establishments in the United Kingdom