regeneration through partnerships

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Introduction to St. Modwen

St. Modwen’s 30 year track record as the UK’s leading

regeneration specialist can be attributed to:

the size and strength of our portfolio

our expertise in development, regeneration and

remediation

our strong financial base

our regional presence across the UK

Keytothesuccessofourregenerationprojectsareourlong

lastingpublicandprivatesectorpartnerships.

Establishedthroughjointventures,saleandleasebacks,

strategiclandacquisitionsandstraightforward

developmentagreements,thesepartnershipsconsistently

leadtosuccessfulregenerationprojectsthatbring

aboutmajoreconomicchangetotheareasacrosstheUK

thatneeditthemost–stimulatinginvestment,growth

andcreatingabetterenvironmentforbusinessesand

communitiesalike.

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TravelodgebricklayingeventwithMPAndyLove.(Page8)

The£66mBournvilleCollege.(Page15) HRHThePrinceofWales’visittoCoedDarcy,NeathPortTalbot(SouthWales)inJune2010.(Page12)

WorkprogressesonsiteatEtropCourt.(Page16)

St.ModwenandpartnersatRAFBentleyPriory.(Page7)

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YORKSHIRE AND NORTH EAST

NORTH WEST

NORTH STAFFORDSHIRE

MIDLANDS

NORTHERN HOME COUNTIES

LONDON & SOUTH EASTSOUTH WEST &SOUTH WALES

Our network of regional offices

Forcontactdetailsof

eachregionaloffice,

pleaserefertopage22.

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Regional expertise

St. Modwen’s 5,700 acre landbank of development and

regeneration projects is controlled through a network

of seven regional teams of highly skilled professionals.

Our UK-wide presence provides us with national and

local knowledge and expertise that keep us in tune with

the needs of the local community and ensures that we

remain politically and economically sensitive to each

individual area.

Ofthe180regenerationanddevelopmentprojectsthatwe

areprogressingacrossthecountry,thefollowingcase

studiesshowcaseaselectionofourflagshipschemesthat

arefoundedonstrongandlonglastingpartnerships.

Theprojectsdetailedoverthenextfewpagesare:

ProjectMoDEL,London

EdmontonGreenShoppingCentre,London

SkyparkBusinessPark,Exeter

BPPortfolio,SouthWales

Longbridge,Birmingham

Wythenshawe,Manchester

SiemensPLC,Lincoln

Privatesectorpartnership,UKwide

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PROJECT MoDEL, LOnDOn

Complex and innovative public-private partnership using Prime Plus Contracting.

Partners:

Ministry of Defence (MoD), VINCI PLC, London Borough

of Hillingdon, London Borough of Barnet and London

Borough of Harrow

Website:

www.vsmestates.co.uk

VSMEstates(ajointventurebetweenSt.Modwenand

VINCIPLC)wasselectedbytheUKMinistryofDefence

(MoD)in2006forProjectMoDEL;acomplexandinnovative

public-privatepartnership.Thispartnershipwasdesigned

specificallytoenabletheMoDtoconsolidateover1,000

militarypersonnelandoperationsfromsixsurplussites

acrossNorthWestLondon,throughtheconstructionof

£180millionofnewfacilitiesatRAFNortholt;creatingthe

MoD’sfirstintegratedcoresiteinLondon.

SpearheadedbySt.Modwen,VSMEstateshas

responsibilityforsecuringplanningconsenttodevelopand

disposeofthesixsurplussites,theproceedsbeingutilised

tofundtheworksatRAFNortholt.Todate,St.Modwen

hassecuredplanningconsentonallsixsites,withthree

nowsold,followingcompletionofenablingworks,allowing

developmenttocommenceimmediately.

Thesitesprovideamixofresidential,commercialand

communityusesandintotal,willdeliverover4,000much

needednewhomeswithinLondon.

MoDELisanexcellentexampleoftheprivatesector

workingcloselywiththepublicsector;PrimePlus

Contractingisaninnovativemeansoffundingahigh-

profilepropertyproject,designedtomaximiseresultsand

minimisecosts.

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TheOfficers’Mess,InglisBarracks,MillHill.

ClosingceremonyatRAFBentleyPriory. St.ModwenandpartnersatRAFBentleyPriory(Picturecredit:DermotCarlin).

8

CGIoftherefurbishedSouthMall.

EdmontonGreen’s40,000sqftASDA.

TravelodgebricklayingeventwithMPAndyLove.

FestivalofFoodatEdmontonGreen.

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Partners:

London Borough of Enfield

Website:

www.edmontongreencentre.co.uk

EdmontonGreenisoneofmanyprojectsinSt.Modwen’s

portfoliothathighlightshowalongtermandcloseworking

relationshipbetweenSt.ModwenandaLocalAuthoritycan

transformanareainneedofmajorregenerativechange.

St.ModwenacquiredtheEdmontonGreenShoppingCentre

in1999fromtheLondonBoroughofEnfieldandsincethen,

hasworkedcloselywiththeCouncilonthe£100million

regenerationofthissite,includingthedevelopmentofa

new72,000sqft,LocalAuthorityrun,leisurefacilityand176

residentialapartments(100%affordable/keyworker).

The450,000sqftcentrenowalsoconsistsof120retailunits,40

marketstalls,leisureandcommunityusesandoffices.Footfall

continuestoincreaseandinthelasttwoyearsalonehasrisen

by15%to200,000visitorsperweek.

St.Modwenhasfullresponsibilityformanagingandmarketing

thecentre,ensuringthatitremainsalivelyandfriendlyspace

forallthecommunitytoenjoy.

Futureprojectsincludetherefurbishmentofthemainshopping

mallsanddevelopmentplannedforNorthSquare.

EDMOnTOn GREEn SHOPPInG CEnTRE, LOnDOn

Long term partnership with a local authority.

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Partners:

Devon County Council, East Devon District Council,

Exeter City Council

Website:

www.exeterandeastdevon.gov.uk

This110acre,formerWW2airportcomplex,waspurchased

byExeterandDevonCountyCouncilintheearly1950s

andrunaspartofExeterAirport.In2008,theCouncil

concludedthataformationofacorporatejointventurewith

aprivatesectorpartnerwasrequiredtobringforwardthe

developmentof1.4millionsqftSkyparkBusinessPark,

comprisingofficeandindustrial/manufacturingspace.

Followingasix-monthselectionprocess,St.Modwen

wasnamedjointventurepartnerinFebruary2009,and

agreementswereexchangedinMarch2009withDevon

CountyCouncil.

Thepartnershipstructureforthejointventurefollowsthe

Government’sLABVmethodologyandwillallowDevon

CountyCounciltoparticipateinfuturevalueanddecision

makingoverthe20-yearlifeofthepartnership.

ThesiteisrecognisedinRegionalPlanningGuidelinesasa

strategiclocationforlarge-scaleemploymentdevelopment

andisexpectedtocreateupto7,500jobs.Itwillbecomean

exemplarandsustainableBusinessParkandisexpected

tobeakeydevelopmentwithinthewiderExeterandEast

DevonNewGrowthPointinitiative.Itisviewedasamajor

contributortothegrowthoftheregionaleconomy.

SKY PARK, EXETER

Public-private joint venture, mirroring the Government’s Local Asset Backed Vehicle (LABV).

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AnindicativeviewoftheMainSquareatSkypark.

AnindicativeviewoftheEnterpriseSquareatSkypark.

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AnindicativeviewofCoedDarcy,NeathPortTalbot,uponcompletion.

St.ModwenandBPexchangeontheacquisitionofthe2,500acreportfolio.

HRHThePrinceofWales’visittoCoedDarcy,NeathPortTalbot(SouthWales)inJune2010.

Remediationworksunderway.

AnimpressionofcompletedemploymentschemeatBaglanBay,NeathPortTalbot.

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Partners:

British Petroleum, Neath Port Talbot County Borough

Council, Swansea City Council, The Welsh Assembly

Government, and the Prince’s Foundation for the Built

Environment

Website:

www.stmodwen.co.uk

St.Modwen’srelationshipwithBPstartedin2008whenwe

acquiredthe1,060acreformerLlandarcyoilrefinerysite

nearNeath,SouthWales.Wearenowredevelopingthis

intoCoedDarcy,a£1.2billioncommunity.In2009,wealso

purchaseda2,500acreportfolioofdisusedBPsites,the

majoritysituatedinSouthWales.

Overthenext25years,St.Modwenwillremediateand

regeneratethesesites,togetherwithCoedDarcy,toform

amajorlinkeddevelopmentwhichwilldeliverthemost

importantregenerationprojectinSouthWales.Extending

over3,000acresandprovidingover£3billionofinvestment,

thelinkedschemewillfocusonthreekeyareas–Housing,

EmploymentandEducation-andwillinclude:

4,000homes

Over5millionsqftofcommercialspace

SwanseaUniversity’ssecondcampus,thefirstphase

alonesettocomprisea£200milliondevelopment,

providing300,000sqftofacademicaccommodationand

2,800studentresidentialunits.

ThisprojectistestamenttoSt.Modwen’sskillinthe

remediationanddevelopmentofformerindustrialsites

andindoingso,breathingnewlifeintothoseareasofthe

countryinneedofregeneration,leavingourpartnerswitha

legacytobeproudof.

BP PORTFOLIO – SOUTH WALES

Multi private-public sector partnership stemming from major St. Modwen land acquisitions and bringing about the most important regeneration project in South Wales.

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Partners:

Advantage West Midlands, Birmingham City Council,

Bromsgrove District Council, Nanjing

Website:

www.longbridgebirmingham.co.uk

St.Modwenacquiredthis470acresitein2003andprepared

acomprehensiveareaactionplanwithstakeholders

followingthedemiseofMGRover.Sincethen,thecompany

hasprogresseda£1billionregenerationprogrammewhich

willcreateanewheartforthisareaandestablishitasa

mixed-usemodelofsustainability.

Overthenext15years,theregenerationofLongbridge

isexpectedtocreateupto10,000newjobs.Over2,000

newhomeswillbebuilt,inadditiontothenew£66million

BournvilleCollege,anew£70milliontowncentre,along

witharangeofleisureandpublicfacilities.St.Modwenwill

alsoopenuptheRiverReaandRiverArrowforthefirsttime

inmorethan70years.

St.Modwenhasinvestedover£75millionsinceacquiring

thesiteandhascreated660permanentjobsthroughthe

developmentoftheTechnologyParkandInnovationCentre

andover500constructionjobs.Furtheropportunities

willbecreatedthroughtheproposednewtowncentre,

increasedcarproductionatMGMotorUKLimited,together

withthe500newjobsgeneratedthroughtherelocationof

theCollege.

Longbridgeisaclassicexampleofhowarobustprivateand

publicsectorpartnershipcanbringabouttransformational

changethatwillliveonwellbeyondthelifecycleofa

developmentproject.

LOnGBRIDGE, BIRMInGHAM

Industry and public sector-partnership/ major strategic land acquisition.

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AustinParkliesattheheartofthenew£70mtowncentre.

The£66mBournvilleCollege.

An85,000sqftSainsbury’swillopenin2013.

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WorkprogressesonsiteatEtropCourt.

MichelleTaylor,regionaldirector,St.ModwenNorthWest,onsiteatEtropCourt.

TheBirtles,Wythenshawetowncentre.

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Partners:

Manchester City Council

Website:

www.wythenshawetowncentre.co.uk

In1997,St.Modwenenteredintoajointventurewith

ManchesterCityCounciltobringabouttheregenerationof

Wythenshawetowncentre.Thefirstphaseincluded

60,000sqftofnewretailspace,anewmarketandextensive

publicrealm.

Sincethistime,St.Modwenhascarriedoutfurtherphasesof

developmentwhichhavegrownthis£100millionschemeto

over450,000sqftofretailandofficespace.

Sincetakingownershipofthetowncentre,St.Modwenhas

workedinpartnershipwithManchesterCityCounciltoreduce

crime.Inthelastthreeyearsalone,therehasbeena20%

decreaseincrimeinthearea.

Mostrecently,St.ModwenisdevelopingthenewEtropCourt

schemewhichcomprises100,000sqftofofficeandretail

space.Reinforcingitscommitmenttotheregenerationof

ManchesterandtotheWythenshawearea,ManchesterCity

Councilhascommittedtothenewofficespacewhich,at

55,000sqft,willaccommodateupto500citycouncilworkers.

Underpinningthemajorstepchangethatthispartnership

hasproducedtodate,anewmasterplanestablishingthe

visionforthenexttenyearshasbeenagreedwithManchester

CityCouncil,settingtheframeworkforthisverysuccessful

developmentprojecttocontinuewellintothefuture.

WYTHEnSHAWE, MAnCHESTER

Long term, well established, joint venture agreement with a major local authority that has transformed one of the most deprived areas of Manchester.

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Partners:

Siemens PLC, Lincolnshire County Council, North

Kesteven District Council

Website:

www.stmodwen.co.uk

In2002,St.Modwenacquiredthe900acreAlstomportfoliovia

asaleandleasebackagreement.Thisportfolioincludedover

800,000sqftofproperties,across35acresinLincoln–asite

weretainedforincomeonalongtermleasetoAlstom(now

SiemensPLC).

AsSiemens’businesshasgrownanddevelopedinLincoln,its

occupationalrequirementshavechanged.In2010–seeking

todrawonourdevelopmentandregenerationexpertise-the

companyapproacheduswithplanstoconsolidateitsGas

Turbineservicebusiness,intoanewpurpose-builtfacility.

ToaccommodateSiemens’plansandensurethatthislong

establishedbusinessandmajoremployerwasretained

withintheregion,wespentconsiderabletimeunderstanding

itsoperationalrequirementsandwhattheyneededtoachieve

fromthisstrategicrelocation.Wethenworkedcloselywith

LincolnshireCountyCouncilandNorthKestevenDistrict

CounciltoensurethatSiemens’requirementsweremet.

Siemenshassincesigneda£20millionpre-letanddevelop-

mentdealwithustobuilda135,000sqftfacilityatTealParkin

Lincolnona12yearlease.Thecompanywillcontinuetooccupy

muchofthespacewithincentralLincolnasitsmanufacturing

businessmovesintothespacevacatedbytheGasTurbine

servicebusiness.

SIEMEnS PLC, LInCOLn

Strong partnership, arising from significant sale and leaseback agreement, retains and enhances presence of major regional business.

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Animpressionofthenew135,000sqftSiemensfacilityatTealPark,Lincoln.

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314homesareunderwayattheformerGoodyearWorkssiteinWolverhampton.Animpressionofthe212homestobebuiltattheformerPyrexsiteinSunderland.

Anindicativeviewofthe311homesdevelopedthroughthePersimmonjointventureatGlanLlyn,Newport.

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Partners:

Persimmon plc

Website

www.stmodwen.co.uk

OfSt.Modwen’smanyjointventureagreementswith

theprivateandpublicsector,themostrecentinvolves

housebuilderPersimmonplc.

Awareoftheenormouslackofresidentialdevelopment

beingbuiltacrosstheUK,St.Modwenrecognisedthata

jointventureagreementwithasector-leadinghousebuilder

wouldcapitaliseonourfinancialstrengthandwell-located

landbanktobridgethishousinggap.

In2010,St.Modwenrealiseditsvisionandenteredintoa

jointventureagreementwithPersimmonplc.Initially,this

agreementcovers2,000plots,onsevenSt.Modwensites,

across120acresofland.Itisalreadyprogressingwell;

threeofthesiteshavereceiveddetailedplanningapproval

withconstructioncommencingonthefirstsiteinMay2011.

WeexpectanotherfourdevelopmentswithPersimmonto

obtaindetailedplanningconsentandstartonsitebySpring

2012.

Wearealreadyidentifyingadditionalsitestoputintothe

jointventurewhichhighlightsthestrengthandsuccessof

thepartnershipwithPersimmontodate.

PRIVATE SECTOR PARTnERSHIP, UK-WIDE

A private sector joint venture agreement designed to accommodate the need for more residential development across the UK.

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CONTACTS

Head OfficeSt. Modwen Properties PLC

SirStanleyClarkeHouse

7Ridgeway

QuintonBusinessPark

BirminghamB321AF

T:01212229400

F:01212229401

E:info@stmodwen.co.uk

www.stmodwen.co.uk

Regional OfficesLondon & South East

TimSeddon:02077883700

Midlands

JohnDodds:01212229400

North Staffordshire

MikeHerbert:01782281844

North East & Yorkshire

StephenProsser:01132727070

North West

MichelleTaylor:01925825950

South West & South Wales

RupertJoseland:01173167780

Northern Home Counties

RupertWood:01727732690

Residential

GuyGusterson:02077883700

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