Blackstone to buy FTSE listed property developer St Modwen for £1.2bn Blackstone to buy FTSE listed property developer St Modwen for £1.2bn Blackstone to buy FTSE listed property developer St Modwen for £1.2bn
Blackstone makes £1.2bn offer for property developer St Modwen Blackstone makes £1.2bn offer for property developer St Modwen Property developer St Modwen today said that private equity firm Blackstone had made a potential takeover offer, valuing the British firm at around £1.2bn. The London-listed company said the possible cash offer of 542p per share was a premium of about 21 per cent to the stock’s last close. St Modwen Properties said its board [...]
Property giant Grainger appoints new finance chief The UK’s largest listed residential landlord has announced that Robert Hudson will be appointed as its new chief financial officer. Hudson currently heads finance and operations at St. Modwen Properties, where he became interim CEO in April last year. He has more than 26 years of experience in the industry, having worked as group financial [...]
St Modwen boosts profit on growth in logistics sector July 2, 2019 FTSE 250 property developer St Modwen boosted profit in the first half of 2019 driven by its expansion in the warehouse and logistics sector. The figures Profit for the six months to the end of May was £23.1m, up from £20.8m compared to the first half of 2018. Basic earnings per share increased from 9.4p [...]
St Modwen hails record profits as New Covent Garden Market scheme boosts net asset value June 30, 2015 St Modwen posted a 21 per cent surge in net asset value (Nav) in the first half of the year thanks to its New Covent Garden Market scheme in Nine Elms, which achieved unconditional status in April. The developer reported an Nav per share of 394p after its planned overhaul of the UK’s biggest fruit [...]
St Modwen snags new finance chief Robert Hudson from British Land April 20, 2015 St Modwen has snapped up a new financial director in the form of Robert Hudson who will be joining in October from British Land, it announced yesterday. The Birmingham headquartered property developer will see the 41 year old Hudson replace Mike Dunn who last December announced his intention to step down from the role on [...]
Revival in the regions helps St Modwen smash expectations February 3, 2015 St Modwen smashed analyst forecasts yesterday after posting a 68 per cent jump in full-year profits, thanks to a revival in the regional property market and its burgeoning commercial developments. The company, which is redeveloping Britain’s biggest flower and vegetable market, New Covent Garden in Nine Elms, said pre-tax profits rose to £138.1m in the [...]
In pictures: St Modwen and Vinci given the green light for £2bn New Covent Garden regeneration November 14, 2014 Plans to redevelop Britain’s biggest flower and vegetable market in Nine Elms on the South Bank have been given the go-ahead by Wandsworth Council. St Modwen and joint venture partner Vinci were picked in 2012 to redevelop New Covent Garden Market, which moved to Nine Elms from the Covent Garden area near the [...]
St Modwen’s profits soar by a third on the back of UK property market recovery July 1, 2014 St Modwen yesterday posted a 32 per cent jump in first-half profit, reflecting the recovery of the UK property market. The developer, which in May submitted its planning application for the £2bn regeneration of New Covent Garden Market – Britain’s largest flower and vegetable market located in Nine Elms – reported pre-tax profits of £51.3m. [...]
St Modwen cheers to increasing optimism in residental market June 2, 2014 ST MODWEN, the developer behind the £2bn revamp of New Covent Garden market, has said that first half profits are expected to be “significantly ahead” of last year thanks to rising values of its assets and returning confidence in the property market. The company, which submitted the planning application for the redevelopment of Britain’s biggest [...]