A FTSE250 business, St. Modwen is focused wholly upon regeneration and has an outstanding 30 year track record of adding value by managing schemes through the planning process, remediating contaminated land and active asset management and development.
With extensive experience in dealing with complex and challenging sites, St. Modwen has a land bank of more than 6,000 developable acres, a property portfolio of £1.7bn and is focused on the long-term development of commercial property and residential land.
St. Modwen’s broad national portfolio includes: the regeneration of New Covent Garden Market, Nine Elms, London; the £1bn transformation of Longbridge, Birmingham, and the on-going regeneration of over 3,500 acres of former industrial land across South Wales, including the £450m Bay Campus for Swansea University.
1986: St. Modwen founded
- St. Modwen established by reverse takeover in April 1986 by Redman Heenan International plc.
1986 – 1990: Rapid growth and strategic shift
- Rapid growth due to substantial development programme based on enterprise zones and industrial schemes.
- Development approach moved to include retail schemes and office parks and attention focused on increasing rental income.
1991: Regeneration strategy commenced
- Regeneration strategy began and major expansion of a range of partnerships with landowners, local authorities and industry leading organisations.
1997: Major joint venture established
- Key Property Investments (KPI) established via a joint venture with Salhia Real Estate Company of Kuwait.
2000 – 2005: Significant acquisitions completed
- Major acquisitions included portfolios from Alstom and Marconi.
- St. Modwen enters FTSE250 (November 2003)
2005 – 2009: Portfolio growth
- Selected as preferred developer on many town centre regeneration schemes.
- Acquisition of large industrial sites including: Longbridge, Llanwern, Project MoDEL, Coed Darcy and 2,500 acre BP Portfolio.
- £107m equity issue in 2009.
2010: Change in residential strategy
- Joint venture with Persimmon plc established.
- St. Modwen Homes launched.
2012: Retail bond
- £80m retail bond launched.
- Development agreement signed with the CGMA to redevelop the New Covent Garden Market site.
- Sign Development Agreement with Swansea University to deliver the first phase of its £450m Bay Campus.
- £49m equity issue.
2014: Convertible Bond
- £100m convertible bond launched.
2014: Major Project milestones
- Receipt of resolution to grant planning permission for the redevelopment of New Covent Garden Market sites, Nine Elms, London.
- Works commenced for 150,000 sq ft Marks and Spencer store at Longbridge Town Centre.
- Signed a Development Agreement with Swansea University for an additional 545 student apartments and new student facilities as part of the University's £450m Bay Campus project, being delivered by St. Modwen
2015: Major Project milestones
- NCGM contract unconditional and recognised on balance sheet
- Swansea University, Bay Campus opens in September, welcoming 917 new students which is being managed by St. Modwen Student Living
- We enter our 30th year since becoming a listed Company
- Mark Allan joins as Chief Executive