St. Modwen 30 Years : A Generation of Regeneration 1 | Page 26

ST. MODWEN | A GENERATION OF REGENERATION | IN GOOD COMPANY

ST. MODWEN | A GENERATION OF REGENERATION | ST.MODWEN IN PICTURES

St. Modwen in pictures
In good company

Bay Campus

ansea

mmodation, Sw

Student Acco

BROKER
Heraclis Economides
Managing Director
Corporate Broking
and Advisory
Numis Securities Ltd
I have been very privileged to look after St. Modwen
at different banks for 20 years and they followed me to
Numis which I am very flattered by.
St. Modwen is unique. It takes a very long-term view of
what it does, unlike other companies on the stock market
that are focussed on short-term profit.

“Anyone can buy or
build a shiny building in
a major city but it takes
tremendous vision to
create a destination out
of nothing. There are
places like Coed Darcy
and Longbridge just to
name a few, where
St. Modwen has done
just that”

*Correct at time of interview

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What I like about the people at St. Modwen is that they
have maintained the principles and virtues that were
instilled at the time of their stock market floatation, and
those values were planted by the founders Sir Stanley
Clarke and Jim Leavesley. They have been perpetuated
by successive CEOs. They are about taking longterm views, being very collegiate with their staff and
becoming the best in brownfield regeneration and being
recognised for that.
If someone had invested £1,000 in St. Modwen in 1986
that would now be worth £62,000*. That works out at
a 15% compound annual return, which is double what
you would have achieved had you invested in a basket
of property stocks back in 1986, and that even beats
buying a Mayfair flat in 1986!
The success of St. Modwen now, 30 years on, is that it is
in the top 350 companies in the UK. It has a very strong
balance sheet and a portfolio full of opportunities, so I
am quite certain that they will be able to create long-term
value over the next 30 years.
As one investor said to me: “Anyone can buy or build
a shiny building in a major city but it takes tremendous
vision to create a destination out of nothing.” There are
places like Coed Darcy and Longbridge just to name
a few, where St. Modwen has done just that and has a
tremendous reputation across the country in doing that
kind of regeneration.
“All this shows is that time is the friend of the wonderful
company and the enemy of the mediocre one” as
Warren Buffett likes to say.

St. Modwen Head Office, Park Point, Longbridge

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