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Plans for Longbridge
News

Blackstone Firm Secures Permission For 200 Homes On Longbridge Site

... August 2022 for a new precision engineering centre sought by St. Modwen on behalf of Waters Corporation. This will also create up ... green spaces delivered to date. On completion of the regeneration, St. Modwen plans to create a total of 3,000 new homes ...

Dec 13, 2022
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Data center server racks
News

£1.1B In Debt Deals Opens UK Lending Market — For The Right Asset Classes

... from Mileway, Blackstone’s last-mile logistics platform, and St. Modwen, which Blackstone took private in 2021. The loans are secured ... against 66 assets across the country, with the St. Modwen loan assets in the Greater Manchester area. IOS assets ...

May 01, 2024
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Redundancies And Government Handouts As Birmingham Developers Feel The Pandemic Pain
News

Redundancies And Government Handouts As Birmingham Developers Feel The Pandemic Pain

... industrial and residential developer St Modwen has made “selective redundancies”. A statement by St Modwen interim chief executive Rob Hudson ... , which is appreciably above industry-wide averages.  St Modwen paused all capital expenditure at the start of the ...

Jul 01, 2020
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Antarctic Exploration And Retail Reassessed: Meet The New Boss Of Britain’s Biggest Property Company
News

Antarctic Exploration And Retail Reassessed: Meet The New Boss Of Britain’s Biggest Property Company

... he was chief executive for a decade before leaving for St. Modwen in 2016. He turned Unite into the biggest student accommodation ... in the UK as the asset class became mainstream. At St. Modwen, the company’s returns doubled those of its peers as ...

Nov 25, 2019
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Barratt London and Places for London
News

This Week's London Deal Sheet

... in three businesses owned by investment firm Blackstone — Indurent REIT, St Modwen and IQ Student Accommodation — across the industrial, housebuilding and student ...

Feb 19, 2025
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Industrial
News

Blackstone Buys £200M Last-Mile Logistics Portfolio

... it took private for £511M, and the industrial assets of St Modwen, which it took private for £1.3B in 2021.  Indurent ...

Jan 02, 2025
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Blackstone To Merge Warehouse Landlords It Took Private Into New Company
News

Blackstone To Merge Warehouse Landlords It Took Private Into New Company

... The new entity will be called Indurent, formed by joining St. Modwen, Industrials REIT and properties Blackstone acquired via other deals. ... In November, Blackstone secured a $662M loan to fund St. Modwen’s development of about 5M SF of industrial assets in ...

Feb 12, 2024
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Blackstone Ploughs £740M Into European Logistics
News

Blackstone Ploughs £740M Into European Logistics

... logistics space that combined assets it bought from listed companies St Modwen and Industrials REIT.  “Despite the impact of the higher rate ...

Sep 02, 2024
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Big UK Property Companies Are Starting To Look Outside The Old Guard For Chief Execs
News

Big UK Property Companies Are Starting To Look Outside The Old Guard For Chief Execs

... developer at a time of incredible turmoil. Elsewhere, St Modwen has appointed Sarwjit Sambhi as chief executive, taking ... leadership skills are resilience, creativity and emotional intelligence.” St Modwen, which has a market capitalisation of £696M, was ...

Sep 30, 2020
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2021 Will Be The Year Birmingham City Centre Leaps Forward And Other Reasons To Be Cheerful
News

2021 Will Be The Year Birmingham City Centre Leaps Forward And Other Reasons To Be Cheerful

... Shed Frenzy Has A Long Way To Go Birmingham-based St Modwen has announced a 1.5M SF logistics floorspace development programme ... in June 2021. It’s not difficult to see why St Modwen is keen. Since the business executed its beds-and-sheds ...

Sep 16, 2020
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