drgruber
28 May 2015
Undervalued Having bought in at £1.50 in the bad days I have continued to hold.Trading update due next week and with the continued rent rise and its pipeline of developments I Would expect to see a positive statement .I believe the company now to worth over£6 per share so will continue to hold.
KEEPING CALM MIKE
09 Apr 2015
Planning now confirmed unconditional THIS is great news and will be an exciting re development of a vast site over the coming years !! ST. MODWEN PROPERTIES PLC("St. Modwen" or "the Company"
VINCI ST. MODWEN AND CGMA COMPLETE DEVELOPMENT AGREEMENT FOR THE REGENERATION OF NEW COVENT GARDEN MARKET, NINE ELMS, LONDONVINCI St. Modwen (VSM), the 50/50 joint venture between St. Modwen Properties PLC (LSE: SMP) and VINCI PLC, and its partner the Covent Garden Market Authority (CGMA), today announces that the commercial contracts and planning agreements for the regeneration of the 57 acre New Covent Garden Market in Nine Elms, London, have gone unconditional.This landmark 10 year project, the largest in the Nine Elms regeneration area, will see the delivery of over 500,000 sq ft of new state-of-the-art market facilities across a 37 acre site which will house the 200 market businesses currently employing around 2,500 people. The remaining 20 acres of land will be transformed by VSM into:- three high quality residential neighbourhoods comprising 3,000 new homes;- 135,000 sq ft of office space; and- 100,000 sq ft of retail, leisure and new community facilities, including shops, cafés and restaurants. The entire scheme, situated in Zone 1, will be set alongside a new linear park for the area, parallel with the river and stretching from Vauxhall to Battersea Power Station via the new American and Netherlands Embassies. This transformational project will also benefit from the extension of the Northern Line and the opening of two new tube stations, resulting in the majority of people who live and work in the area being within a five minute' walk of a tube station.The main construction enabling works to the new market are scheduled to start in the Summer 2015.Bill Oliver, Chief Executive, St. Modwen and director of VSM, said: "This latest milestone enables the start on site of this major transformational project which is central to the Nine Elms Regeneration area. It will deliver a substantial positive economic impact in terms of employment, housing, and investment for London." Bruno Dupety, Chairman and Chief Executive of VINCI PLC and director of VSM, said: "We are looking forward to starting on site to get this exciting project underway. It will transform this area of central London for those who live and work there, in particular the market facilities."-ENDS-Notes to EditorsVINCI St. Modwen (VSM), the 50/50 joint venture between St. Modwen Properties PLC (LSE: SMP) and VINCI PLC, was selected by the Covent Garden Market Authority in March 2012 to deliver the regeneration of New Covent Garden Market site (NCGM) in Nine Elms, London, including the provision of a modern new market. This landmark, multi-phased project is the largest proposed regeneration scheme in Nine Elms on the South Bank, itself one of London's key development areas for new mixed-use development. It will secure the long-term future of New Covent Garden Market, the UK's largest fruit, vegetable and flower market, through the delivery of new 21st century facilities. There will also be a new Food Quarter for London on the wider site, providing a busy and attractive new food destination including facilities to support food businesses both on and off the market such as incubation spaces for food start ups and a new public market. In May 2014, VSM submitted a planning application to deliver over 500,000 sq ft of modern market facilities consolidated on one 37 acre site for the 200 tenant businesses, which in total employ over 2,500 people. The development releases 20 acres of surplus land across three separate sites which will be transformed into a high quality residential neighbourhood benefitting from excellent riverside and Central London views. VSM's planning application also includes proposals for approximately 3,000 new homes, 135,000 sq ft of new office space and 100,000 sq ft of retail, leisure and new community facilities, in
aspace
18 Feb 2015
Re: Director Buys Yes SMP seems to be a great company. I am waiting for their annual report to come out. Annoyingly they only have their annual results without the audit report, remuneration report etc. Plus the balance sheet has an arithmetic error - non-current liabilities doesn't add up properly. Hope they fix that by the time they issue the audited annual accounts.
KEEPING CALM MIKE
12 Feb 2015
Re: Director Buys Pays off now £4.67 up 25% since Director Buy on 14/NOV /14 3 MONTHS ONLY
KEEPING CALM MIKE
18 Nov 2014
Big Trades Three large tranches of traded early doors today, could there be some big change of holdings? Have not seen any notification as yet, lets see what comes out,
