News Archive

St Modwen sells remaining interest in Luton Site

St Modwen Ventures Ltd, an investment subsidiary of St Modwen Properties PLC, has sold its remaining interest in Prospect Park, adjacent to London Luton Airport, to TBI plc, the owners of Luton Airport for £1 million.

The 2.5 acres site has detailed planning consent for 4,645 sq m (50,000 sq ft) of warehousing.

St Modwen was represented by Lambert Smith Hampton. TBI acted for themselves.

For further information contact Simon Rutter of St Modwens on 0207-4995666.

Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).