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St Modwen, the UK¹s leading regeneration specialist, is opening its seventh regional office.

This move is part of St Modwen¹s philosophy to operate through a network of regional offices providing an understanding of the local market and hands-on local control backed up by the strength of a national organisation.

The new Northern Home Counties office will be based in St Albans and will have a remit to deliver existing and acquire further development opportunities north of the M25 and between the M40 and M11. The office starts operations with a dowry of sites handed over from the London and Midland offices. These include significant mixed use town centre projects in Bedford, Hatfield and Milton Keynes as well as key strategic employment sites at Cranfield Technology Park and Thurleigh Airpark, near Bedford.

Rupert Wood has been promoted to the position of regional manager to spearhead the new office. He joined St Modwen 18 months ago and has been directly responsible for the successful regeneration project at Edmonton Green and is leading the Bedford town centre scheme which recently successfully secured a resolution for outline planning consent.

Rupert will also be joined from the London office by Robin Vaughan as development and asset manager.

Rupert said: ³In addition to a number of established projects, to be given the opportunity to work within a region incorporating two of the Government¹s key areas for growth is tremendously exciting. I am looking forward to continuing our existing relationships with our current partners whilst also looking to acquire new opportunities that match St Modwen¹s aspirations and drive for expansion.²

Bill Oliver, St Modwen¹s chief executive, said: ³This office will improve our coverage in a strong and growing area of the country. We have already had success in the area through our existing offices and found a demand for our regeneration skills that will be better served by a strong local presence.

³We expect that that the establishment of this dedicated office will reinforce our position and provide better scope to acquire and develop further opportunities that will add significant value to St Modwen over time.²

Anthony Glossop, chairman of St Modwen, said: ³Opening an additional office at this stage in the economic cycle demonstrates the long term nature of our thinking. The work done by Rupert and Robin in this more difficult period will lay the right foundation for future growth.²

For further information contact Rupert Wood or Tim Seddon, London regional director, on 020 7499 5666. Issued by Paul Raymer of Howle Chapman Raymer

(0121 313 1000).