St. Modwen Properties

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St. Modwen Properties PLC
Public company
Traded asLSESMP
IndustryProperty and Regeneration
PredecessorClarke St. Modwen
Redman Heenan International plc
HeadquartersBirmingham, United Kingdom
Key people
Sir Stanley Clarke CBE, (co-founder)
Jim Leavesley, (co-founder)
Danuta Gray, Non Executive chairman
Rob Hudson, Interim CEO
Revenue£429.9 million (2019)[1]
£94.7 million (2019)[1]
£49.5 million (2019)[1]
Previous logo

St. Modwen Properties plc (LSESMP) is a British-based property investment and development business specialising in the regeneration and remediation of brownfield land and urban environments. It is headquartered in Birmingham and has a network of four regional offices across the UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.


The business was founded by Sir Stanley Clarke CBE and his brother-in-law Jim Leavesley in 1966 as a property development business called Clarke St. Modwen.[2] In 1986 the management reversed the business into Redman Heenan International plc, a listed former engineering concern that had become a shell company.[2] At that time, in 1986, the name was changed to St. Modwen Properties plc.[2] In the 1980s the company developed the Stoke-on-Trent Garden Festival site.[2]

In January 2004 the company acquired a 230-acre site at Longbridge from Phoenix Venture Holdings.[3] The land at the Longbridge site was obtained by St Modwen Properties at a fraction of the actual value after the company paid a £100,000 property commission to a firm run by an associate of the Phoenix Four.[4]

In January 2013 the company entered into a development agreement for the New Covent Garden Market site in London[5] and in March 2013 the company entered into a development agreement for the first phase of Swansea University's Bay Campus.[6]

In June 2016 the company entered into development agreements for the Spray Street Quarter in Woolwich, a regeneration project in joint venture with Notting Hill Housing to create a mixed-use development;[7] Chippenham Gateway in Wiltshire, a 79-acre site to be developed into a 1 million sq ft industrial park;[8] and Stanton Cross, Wellingborough, a project involving 1 million sq ft of industrial accommodation.[9]

In July 2016 the company established a private rented sector (PRS) business unit.[10]


The company has three business units:[11]

  • St. Modwen Homes
  • St. Modwen Industrial & Logistics
  • Strategic Land and Regeneration

The company owned a property portfolio valued at £1.0 billion at 30 November 2019.[1]


  1. ^ a b c d "Annual Report 2019" (PDF). St. Modwen Properties. Retrieved 4 March 2020.
  2. ^ a b c d "History". St. Modwen. Retrieved 3 April 2015.
  3. ^ "St Modwen buys 230 acre slice of Longbridge". Property Week. 6 January 2004. Retrieved 15 July 2016.
  4. ^ MG Rover report reveals lies, cover-up and bribery The Daily Telegraph, 11 September 2009
  5. ^ "St Modwen and Vinci JV sign contract for New Covent Garden Market regeneration". Property Magazine. 7 January 2013. Retrieved 15 July 2016.
  6. ^ "St Modwen confirmed as developer for first phase of Swansea University's £450m science and innovation campus". Wales online. 21 March 2013. Retrieved 15 July 2016.
  7. ^ "Regeneration of key Woolwich site between Crossrail and existing stations moves forward". South London Press. 24 June 2016. Retrieved 15 July 2016.
  8. ^ "New owners drawing up plans for 1m sq ft distribution park on M4". Swindon Business. 2 June 2016. Retrieved 15 July 2016.
  9. ^ "Developer which brought Lidl to Wellingborough signs up for Stanton Cross". Northamptonshire Telegraph. 10 June 2016. Retrieved 14 July 2016.
  10. ^ "Half Year Report 2016" (PDF). St. Modwen Properties. Retrieved 14 July 2016.
  11. ^ "About us". St. Modwen Properties. Retrieved 26 April 2017.

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