St. Modwen Properties
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| Public (: ) | |
| Industry | Property and Regeneration |
| Predecessor | Clarke St. Modwen Redman Heenan International plc |
| Founded | 1966 |
| Headquarters | Birmingham, United Kingdom |
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Key people
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Sir Stanley Clarke CBE, (co-founder) Jim Leavesley, (co-founder) Bill Shannon, Non Executive Chairman Mark Allan, CEO |
| Revenue | £287.7 million (2016) |
| £75.0 million (2016) | |
| £53.6 million (2016) | |
| Website | www.stmodwen.co.uk |
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 seven regional offices across the UK. It is listed on the and is a constituent of the FTSE 250 Index.
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.
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 (i) the Spray Street Quarter in Woolwich, a regeneration project in joint venture with Notting Hill Housing to create a mixed-use development, (ii) Chippenham Gateway in Wiltshire, a 79-acre site to be developed into a 1 million sq ft industrial park and (iii) Stanton Cross, Wellingborough, a project involving 1 million sq ft of industrial accommodation. In July 2016 the company has established a Private Rented Sector (PRS) business unit.
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