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Our Values


Sitting alongside our robust business strategy, at the heart of our success and inherent to St. Modwen, is a set of core values. They reflect our strengths and our approach to all facets of regeneration.

WE THINK LONG TERM

WE THINK LONG-TERM

We take a long-term approach to regeneration and development and during any project lifecycle we are flexible enough to move with market demands and pursue those opportunities that generate the greatest value at any one time. We work hard to build and maintain long-term relationships with local authorities, our shareholders and our partners.

WE ARE INNOVATIVE

WE ARE INNOVATIVE

We continuously explore new ways to develop our land bank in order to generate sustainable value for all our stakeholders. We look beyond standard development routes to create innovative schemes that strive to meet the needs and expectations of local residents, businesses and the wider community, and create value for our shareholders.

WE DO WHAT WE SAY

WE DO WHAT WE SAY

We are a straight-talking company. Colleagues, customers, suppliers and stakeholders can rely on us to deliver on the promises and commitments we make and to bring about long-term, sustainable regeneration.


Our values in action: – our values are exemplified through our projects:

WE THINK LONG TERM

WE THINK LONG-TERM AT NEW COVENT GARDEN MARKET

We have a 30-year track record of delivering long-term regeneration projects.

We are delivering the transformation of the 57-acre New Covent Garden market site through a VINCI St. Modwen 50/50 joint venture (VSM) and in partnership with the Covent Garden Market Authority.

A 10-year project, it has received a resolution to grant planning from Wandsworth Council in November 2014 and unconditional status is targeted for the first half of 2015. It will see the development of over 500,000 sq ft of modern market facilities consolidated onto one site for the 200-tenant businesses.

In return for delivering the new market, VSM secures 20 acres of remaining freehold land which will be transformed into a new, high quality, residential-led, mixed-use regeneration scheme comprising 3,000 new homes, 135,000 sq ft of office space and 100,000 sq ft of retail, leisure, and new community facilities including shops, cafés and restaurants.

This long-term and complex project requires careful foresight in terms of the design and the sensitive delivery of each project phase. Also, as the biggest physical regeneration site in this part of London, we are conscious of how it needs to complement the rest of this important, large-scale regeneration area and to ensure we leave a positive legacy for generations to enjoy beyond its completion.

WE ARE INNOVATIVE

WE ARE INNOVATIVE AT LONGBRIDGE, BIRMINGHAM

One of the largest regeneration schemes outside of London, the transformation of the 468 acre Longbridge site in Birmingham from the largest car plant in the world to a thriving-mixed £1bn community exemplifies our innovative approach to regeneration.

Since 2007, and throughout the recession, we have invested over £300m into this important scheme, created over 3,700 jobs and welcomed over 50 new businesses.

The scheme now comprises around 350 new homes, over 200,000 sq ft of office and industrial space and the 250,000 sq ft Bournville College with a 30,000 sq ft specialist construction centre. It also includes the completed first phase of the new Town Centre including an 80,000 sq ft Sainsbury’s, Costa Coffee, Greggs, Beefeater, Hungry Horse restaurant, 80-bedroom Premier Inn and the £2m Austin Park.

In addition, West Midland's largest Marks and Spencer store opened in November 2015, comprising 150,000 sq ft, together with a number of major national retailers. The development of an ‘Extra Care’ retirement home comprising 260 assisted living units has commenced and planning has been granted for a 105,000 sq ft headquarter-style office building and 215 new homes – all forming future phases of the new Town Centre.

WE DO WHAT WE SAY

WE DO WHAT WE SAY AT BAY CAMPUS, SWANSEA UNIVERSITY

The 65 acre Bay Campus site was acquired in 2009 as part of a 2,500 acre portfolio of disused BP sites. This acquisition made us the largest private owner of brownfield land in South Wales.

Following an intensive remediation programme, we are now transforming this portfolio into a major linked development of which the £450m Bay Campus forms a fundamental part. It exemplifies our ability to deliver major regeneration schemes to the highest standards, on time and within budget.

Since becoming Swansea University’s development partner in 2013, we have delivered on our promises and have progressed quickly with the development of the Bay Campus, which comprises circa 1m sq ft of buildings:

  • 465,000 sq ft of academic and R&D space including a new Institute of Structural Materials, Engineering Central, Engineering East, Bay Library, Great Hall and School of Management; and
  • around 500,000 sq ft of student accommodation for 1,142 students, with ancillary retail space and modern facilities to include a gym, sports hall and crèche.

In September 2015 we completed the first phase of this campus project in time to welcome 917 new students.

We commenced works to Phase 2 in January 2016 and also signed an agreement to deliver Phase 3 which will bring the total to 2,000 bedrooms by 2017.

This £450m project will bring about a positive economic impact for the Swansea Bay City region of about £3bn, with potential for the creation of up to 10,000 jobs across the 10 year lifetime of the project and beyond.