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St. Modwen Properties

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26: 1751: 144: 127: 107: 302:'s judgment at first instance, held that such "contingent obligations" met the criteria for being considered a public works contract, whose procurement should have been undertaken in accordance with the full requirements of the Public Contracts Regulations 2015. The development agreement was ruled "ineffective". 285:
had "effectively agreed to act unlawfully in the future". The disposal of the land in question was seen by the Council as a "land transaction" rather than a public works contract, and the opportunity to acquire the land was advertised so as to secure interested bids and "best consideration" in
498: 593: 233:. 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 1790: 706: 594:
Faraday Development Ltd v West Berkshire Council: Court of Appeal gives important guidance on development agreements and options, and declares contract ineffective
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is a British-based property investment and development business specialising in the regeneration and remediation of
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ruled that in entering a entering a development agreement with St. Modwen to develop an industrial estate in
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site in London and in March 2013 the company entered into a development agreement for the first phase of
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In June 2016 the company entered into development agreements for the Spray Street Quarter in
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The company owned a property portfolio valued at £0.9 billion at 30 November 2020.
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and his brother-in-law Jim Leavesley in 1966 as a property development business called
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In July 2016 the company established a private rented sector (PRS) business unit.
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and has a network of four regional offices across the UK. It was listed on the
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In January 2013 the company entered into a development agreement for the
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in a £1.24 billion (€1.4 billion) transaction in May 2021.
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to develop the site. The Court of Appeal, overruling the
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In January 2004 the company acquired a 230-acre site at
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Companies formerly listed on the London Stock Exchange
714: 596:, published 15 November 2018, accessed 3 January 2024 210:. In 1986 the management reversed the business into 294:, but if an option was taken up, the developer was 435:MG Rover report reveals lies, cover-up and bribery 607:Faraday Development Ltd. v West Berkshire Council 1767: 1600:Institute of Workplace and Facilities Management 182:and urban environments. It is headquartered in 700: 410:"St Modwen buys 230 acre slice of Longbridge" 1776:Companies based in Birmingham, West Midlands 1643:Authorised Conveyancing Practitioners Board 1688:Tenancy Deposit Scheme (England and Wales) 1648:Building regulations in the United Kingdom 707: 693: 1796:1966 establishments in the United Kingdom 1781:Real estate companies established in 1966 382: 380: 378: 376: 350: 348: 346: 344: 218:. In the 1980s the company developed the 1786:Property companies of the United Kingdom 1620:Royal Institution of Chartered Surveyors 1768: 373: 341: 317:The company has three business units: 1615:Royal Institute of British Architects 1605:National Association of Estate Agents 688: 324:St. Modwen Industrial & Logistics 305:The company agreed to be acquired by 1734:Public estate in the United Kingdom 428: 13: 1693:Tenancy deposit schemes (Scotland) 1278:Nathaniel Lichfield & Partners 897:London & Associated Properties 605:Court of Appeal (Civil Division), 501:. South London Press. 24 June 2016 14: 1807: 1653:Council for Licensed Conveyancers 887:London & Continental Railways 812:Capital & Counties Properties 716:Real estate in the United Kingdom 664: 1750: 1749: 1683:Short Assured Tenancy (Scotland) 902:London & Regional Properties 143: 142: 126: 125: 106: 105: 24: 1709:British Railways Property Board 1610:National House Building Council 1595:Building Research Establishment 638: 612: 599: 586: 561: 523:. Swindon Business. 2 June 2016 327:Strategic Land and Regeneration 212:Redman Heenan International plc 55:Redman Heenan International plc 1465:London & Stamford Property 827:Coin Street Community Builders 535: 513: 491: 469: 443: 402: 220:Stoke-on-Trent Garden Festival 1: 737:Economy of the United Kingdom 479:. Wales online. 21 March 2013 334: 312: 19:St. Modwen Properties Limited 202:The business was founded by 147:£(120.8) million (2020) 130:£(126.6) million (2020) 7: 1590:British Property Federation 90:Jim Leavesley, (co-founder) 10: 1812: 547:Northamptonshire Telegraph 197: 176:St. Modwen Properties Ltd. 1747: 1701: 1638:Assured shorthold tenancy 1628: 1575: 1523: 1480:Primary Health Properties 1408: 1333: 1140: 1000: 967:St Martins Property Group 767: 760: 722: 288:Local Government Act 1972 216:St. Modwen Properties plc 190:until it was acquired by 163: 151: 134: 117: 113:342.1 million (2020) 101: 79: 68: 60: 48: 44:Property and Regeneration 40: 32: 23: 892:London Central Portfolio 727:Affordability of housing 680:St. Modwen Homes Website 259:; Chippenham Gateway in 242:New Covent Garden Market 231:Phoenix Venture Holdings 1739:UK mortgage terminology 1548:Howard de Walden Estate 1204:Cushman & Wakefield 1155:BNP Paribas Real Estate 648:. St. Modwen Properties 574:. St. Modwen Properties 569:"Half Year Report 2016" 361:. St. Modwen Properties 36:Private limited company 1668:The Property Ombudsman 1658:Land tenure in England 1485:Redefine International 1440:Great Portland Estates 1187:Colliers International 283:West Berkshire Council 204:Sir Stanley Clarke CBE 94:Non Executive chairman 86:Sir Stanley Clarke CBE 1273:LSL Property Services 1263:John D Wood & Co. 942:Sellar Property Group 817:Capital & Centric 296:contractually obliged 257:mixed-use development 188:London Stock Exchange 97:Sarwjit Sambhi, (CEO) 1221:Deloitte Real Estate 1065:McCarthy & Stone 972:St Modwen Properties 356:"Annual Report 2020" 307:The Blackstone Group 300:Administrative Court 286:accordance with the 192:The Blackstone Group 158:The Blackstone Group 1298:RH & RW Clutton 1160:Strutt & Parker 1095:Retirement Villages 947:Shaftesbury Capital 927:Opal Property Group 862:Heron International 440:, 11 September 2009 438:The Daily Telegraph 20: 807:Canary Wharf Group 802:Cain International 768:Developers, Owners 246:Swansea University 168:www.stmodwen.co.uk 18: 1763: 1762: 1571: 1570: 1526:Estates in London 1450:Hansteen Holdings 962:Span Developments 752:Property retailer 455:Property Magazine 208:Clarke St. Modwen 173: 172: 52:Clarke St. Modwen 1803: 1753: 1752: 1558:Pettiward Estate 1425:Big Yellow Group 1398:UK Property Shop 1320:The Modern House 765: 764: 709: 702: 695: 686: 685: 676: 675: 673:Official website 658: 657: 655: 653: 642: 636: 635: 633: 631: 616: 610: 603: 597: 590: 584: 583: 581: 579: 573: 565: 559: 558: 556: 554: 539: 533: 532: 530: 528: 517: 511: 510: 508: 506: 495: 489: 488: 486: 484: 473: 467: 466: 464: 462: 457:. 7 January 2013 447: 441: 432: 426: 425: 423: 421: 416:. 6 January 2004 406: 400: 399: 397: 395: 384: 371: 370: 368: 366: 360: 352: 321:St. Modwen Homes 194:in August 2021. 146: 145: 129: 128: 120:Operating income 109: 108: 75:, United Kingdom 28: 21: 17: 1811: 1810: 1806: 1805: 1804: 1802: 1801: 1800: 1766: 1765: 1764: 1759: 1743: 1719:Estates Gazette 1697: 1678:Right to Manage 1630: 1624: 1577: 1567: 1543:Grosvenor Group 1538:Cadogan Estates 1525: 1524:Privately Owned 1519: 1515:Workspace Group 1412: 1410: 1404: 1335: 1329: 1241:Harrods Estates 1142: 1136: 1045:Crest Nicholson 1002: 996: 992:West Properties 987:Trafalgar House 951:Shaftesbury plc 832:Daejan Holdings 782:Ballymore Group 769: 756: 718: 713: 671: 670: 667: 662: 661: 651: 649: 644: 643: 639: 629: 627: 624:IPE Real Assets 618: 617: 613: 604: 600: 591: 587: 577: 575: 571: 567: 566: 562: 552: 550: 541: 540: 536: 526: 524: 519: 518: 514: 504: 502: 497: 496: 492: 482: 480: 475: 474: 470: 460: 458: 449: 448: 444: 433: 429: 419: 417: 408: 407: 403: 393: 391: 386: 385: 374: 364: 362: 358: 354: 353: 342: 337: 315: 275:Court of Appeal 248:'s Bay Campus. 200: 180:brownfield land 139: 122: 96: 91: 89: 82: 53: 12: 11: 5: 1809: 1799: 1798: 1793: 1788: 1783: 1778: 1761: 1760: 1748: 1745: 1744: 1742: 1741: 1736: 1731: 1726: 1721: 1716: 1711: 1705: 1703: 1699: 1698: 1696: 1695: 1690: 1685: 1680: 1675: 1670: 1665: 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1735: 1732: 1730: 1729:Property Week 1727: 1725: 1722: 1720: 1717: 1715: 1712: 1710: 1707: 1706: 1704: 1700: 1694: 1691: 1689: 1686: 1684: 1681: 1679: 1676: 1674: 1671: 1669: 1666: 1664: 1663:Land Registry 1661: 1659: 1656: 1654: 1651: 1649: 1646: 1644: 1641: 1639: 1636: 1635: 1633: 1627: 1621: 1618: 1616: 1613: 1611: 1608: 1606: 1603: 1601: 1598: 1596: 1593: 1591: 1588: 1586: 1583: 1582: 1580: 1574: 1564: 1561: 1559: 1556: 1554: 1551: 1549: 1546: 1544: 1541: 1539: 1536: 1534: 1531: 1530: 1528: 1522: 1516: 1513: 1511: 1508: 1506: 1503: 1501: 1498: 1496: 1493: 1491: 1488: 1486: 1483: 1481: 1478: 1476: 1473: 1471: 1468: 1466: 1463: 1461: 1458: 1456: 1453: 1451: 1448: 1446: 1443: 1441: 1438: 1436: 1433: 1431: 1428: 1426: 1423: 1421: 1418: 1417: 1415: 1407: 1399: 1396: 1394: 1393:FindaProperty 1391: 1389: 1388:Primelocation 1386: 1385: 1384: 1381: 1379: 1376: 1374: 1371: 1369: 1366: 1364: 1361: 1359: 1356: 1354: 1351: 1349: 1346: 1344: 1341: 1340: 1338: 1332: 1326: 1323: 1321: 1318: 1316: 1313: 1309: 1306: 1305: 1304: 1301: 1299: 1296: 1294: 1291: 1288: 1284: 1283:Newmark Group 1281: 1279: 1276: 1274: 1271: 1269: 1266: 1264: 1261: 1257: 1254: 1253: 1252: 1249: 1247: 1244: 1242: 1239: 1237: 1234: 1232: 1229: 1227: 1224: 1222: 1219: 1217: 1216:Cyril Leonard 1214: 1210: 1207: 1206: 1205: 1202: 1198: 1195: 1194: 1193: 1190: 1188: 1185: 1183: 1180: 1178: 1175: 1173: 1170: 1168: 1165: 1161: 1158: 1157: 1156: 1153: 1151: 1148: 1147: 1145: 1139: 1133: 1130: 1128: 1125: 1123: 1120: 1118: 1115: 1111: 1108: 1106: 1105:George Wimpey 1103: 1102: 1101: 1100:Taylor Wimpey 1098: 1096: 1093: 1091: 1088: 1085: 1081: 1078: 1076: 1073: 1071: 1068: 1066: 1063: 1061: 1058: 1056: 1053: 1051: 1048: 1046: 1043: 1041: 1038: 1036: 1033: 1031: 1028: 1026: 1023: 1021: 1018: 1016: 1013: 1011: 1008: 1007: 1005: 999: 993: 990: 988: 985: 983: 980: 978: 975: 973: 970: 968: 965: 963: 960: 958: 955: 952: 948: 945: 943: 940: 938: 935: 933: 930: 928: 925: 923: 920: 918: 915: 913: 910: 908: 905: 903: 900: 898: 895: 893: 890: 888: 885: 883: 882:Lexi Holdings 880: 878: 875: 873: 870: 868: 865: 863: 860: 858: 855: 853: 850: 848: 845: 843: 840: 838: 835: 833: 830: 828: 825: 823: 820: 818: 815: 813: 810: 808: 805: 803: 800: 798: 795: 793: 790: 788: 785: 783: 780: 778: 777:Allied London 775: 774: 772: 770:and Investors 766: 763: 759: 753: 750: 748: 745: 743: 740: 738: 735: 733: 730: 728: 725: 724: 721: 717: 710: 705: 703: 698: 696: 691: 690: 687: 681: 678: 674: 669: 668: 647: 641: 626:. 20 May 2021 625: 621: 615: 608: 602: 595: 589: 570: 564: 548: 544: 538: 522: 516: 500: 494: 478: 472: 456: 452: 446: 439: 436: 431: 415: 414:Property Week 411: 405: 389: 383: 381: 379: 377: 357: 351: 349: 347: 345: 340: 332: 326: 323: 320: 319: 318: 310: 308: 303: 301: 297: 293: 289: 284: 280: 276: 273:In 2018, the 271: 268: 266: 262: 258: 254: 249: 247: 243: 238: 236: 232: 228: 223: 221: 217: 213: 209: 205: 195: 193: 189: 185: 181: 177: 169: 166: 162: 159: 156: 154: 150: 141: 138: 133: 124: 121: 116: 112: 104: 100: 95: 92:Danuta Gray, 87: 84: 78: 74: 71: 67: 63: 59: 56: 51: 47: 43: 39: 35: 31: 27: 22: 16: 1754: 1724:LandlordZONE 1714:Crown Estate 1673:Right to buy 1430:British Land 1373:StuRents.com 1293:Purplebricks 1268:Knight Frank 1167:Carter Jonas 1127:United House 982:Targetfollow 957:Soho Estates 822:CLS Holdings 792:Brent Walker 742:Estate agent 650:. Retrieved 640: 628:. Retrieved 623: 614: 601: 588: 576:. Retrieved 563: 551:. Retrieved 546: 537: 525:. Retrieved 515: 503:. Retrieved 493: 481:. Retrieved 471: 459:. Retrieved 454: 445: 437: 430: 418:. Retrieved 413: 404: 392:. Retrieved 390:. St. Modwen 363:. Retrieved 330: 316: 304: 272: 269: 250: 239: 235:Phoenix Four 224: 215: 207: 201: 175: 174: 69:Headquarters 33:Company type 15: 1409:Real Estate 1358:OnTheMarket 1315:Spicerhaart 1308:Smiths Gore 1256:King Sturge 1197:Countrywide 1177:Chestertons 1122:Tilia Homes 1040:Countryside 922:Mount Anvil 917:Moda Living 877:JTRE London 787:Banks Group 732:Real estate 292:long leases 49:Predecessor 1770:Categories 1631:Regulation 1411:Investment 1378:WhatHouse? 1287:Gerald Eve 1172:CBRE Group 1035:CALA Homes 932:Peel Group 747:Land agent 646:"About us" 335:References 313:Operations 227:Longbridge 184:Birmingham 137:Net income 81:Key people 73:Birmingham 1490:Safestore 1445:Hammerson 1368:Rightmove 1325:Winkworth 1226:EC Harris 1080:Persimmon 1060:Lendlease 797:Bruntwood 761:Companies 388:"History" 261:Wiltshire 1756:Category 1576:Industry 1475:NewRiver 1363:OpenRent 1348:Nestoria 1334:Property 1246:Humberts 1236:Hamptons 1182:Cluttons 1150:Bidwells 1143:Services 1141:Property 1055:Keepmoat 1020:Berkeley 1003:Builders 977:Stanhope 937:Quintain 852:Grainger 837:Delancey 652:26 April 630:1 August 253:Woolwich 41:Industry 1629:Law and 1460:Landsec 1343:Globrix 1336:Portals 1303:Savills 1231:Foxtons 1117:Telford 1050:Gleeson 1015:Bellway 1010:Barratt 912:Minerva 592:11KBW, 578:14 July 553:14 July 527:15 July 505:15 July 483:15 July 461:15 July 420:15 July 394:3 April 365:3 March 279:Newbury 198:History 164:Website 102:Revenue 61:Founded 1578:Bodies 1420:Assura 1413:Trusts 1383:Zoopla 1132:Vistry 1090:Redrow 1070:Miller 222:site. 153:Parent 1702:Other 1510:Unite 1495:Segro 1353:Nuroa 1025:Bloor 1001:House 572:(PDF) 359:(PDF) 229:from 1455:Intu 1075:Muir 1030:Boot 907:MEPC 654:2017 632:2021 580:2016 555:2016 529:2016 507:2016 485:2016 463:2016 422:2016 396:2015 367:2021 64:1966 1585:G15 1470:LXi 1251:JLL 1209:DTZ 867:IWG 1772:: 872:IQ 622:. 545:. 453:. 412:. 375:^ 343:^ 281:, 237:. 1289:) 1285:( 1086:) 1082:( 953:) 949:( 708:e 701:t 694:v 656:. 634:. 582:. 557:. 531:. 509:. 487:. 465:. 424:. 398:. 369:. 111:£

Index


Redman Heenan International plc
Birmingham
Sir Stanley Clarke CBE
Non Executive chairman
£
Operating income
Net income
Parent
The Blackstone Group
www.stmodwen.co.uk
brownfield land
Birmingham
London Stock Exchange
The Blackstone Group
Sir Stanley Clarke CBE
Redman Heenan International plc
Stoke-on-Trent Garden Festival
Longbridge
Phoenix Venture Holdings
Phoenix Four
New Covent Garden Market
Swansea University
Woolwich
mixed-use development
Wiltshire
Wellingborough
Court of Appeal
Newbury
West Berkshire Council

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