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ST MODWEN CHOSEN FOR BOGNOR REGENERATION

St Modwen Properties PLC has been selected by Arun District Council as its preferred developer for two town centre regeneration projects in Bognor Regis.

St Modwen’s initial £100 million masterplan proposals for sites totalling six acres, include leisure, restaurants, retail, community and housing uses. Extensive public realm improvements are also planned. It is hoped that construction will start in Spring 2008.

Coun. Gill Brown, leader of Arun District Council, said: “Bognor Regis is a seaside town with plenty of history. Now, with a preferred developer chosen, we are on the road to ensuring it has a great future too,”

Bill Oliver, St Modwen’s chief executive, said: “We are delighted to have been selected by Arun for this extremely exciting project. We look forward to working with all stakeholders, inclduing the public, to deliver a vision for Bognor, creating a first class coastal destination for both residents and visitors.”

For further information contact Gary Morris of St Modwen (020 7499 5666) or (0771 4677761). Issued by Paul Raymer of Howle Chapman Raymer (0121 236 7771).