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ST. MODWEN SIGNS DEVELOPMENT AGREEMENT ON 200 ACRES OF LAND NEAR TAMWORTH

St. Modwen, the UK’s leading regeneration specialist, has signed a development agreement to regenerate a 200 acre site near Tamworth.

The project aims to deliver a high quality mixed-use scheme with the potential to create employment opportunities in a prime location adjacent to Junction 10 of the M42, and at its intersection with the A5.

The announcement follows the signing of a joint venture development agreement between land owners and St. Modwen.

Jonathan Green, development surveyor at St. Modwen, said: “This site is particularly attractive to St. Modwen due to its location at the intersection of the M42/A5 and its proximity to existing employment land.

“At 200 acres, the site offers substantial opportunities to develop a sustainable high quality mixed-use scheme in keeping with the local area and to meet the needs of nearby residents and business owners.