St Modwen secures M&S as tenant

Developer St Modwen said it has clinched a deal with Marks & Spencer that will see the retailer anchor the group’s regeneration scheme in Birmingham. The high street chain will pre-let a 150,000 square feet store major at St Modwen’s huge regeneration scheme at Longbridge in Birmingham. The news came as the group raised its profit expectations for the full-year, and announced the sale of its stake in Elephant & Castle Shopping Centre.