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PRIVACY
Economic Development

Rich List 2017: No.24 - Simon Clarke and family

Non-Executive Director St Modwen regeneration firm has seen his fortune increase by £5 million while dropping five places on the Rich List

Simon Clarke, owner St Modwen

Property/Construction
2017: No.24 - £185m
2016: No.=19 - £180m

Revenue and profits are climbing rapidly at regeneration company.

The developer saw a big increase in pre-tax profits in 2015 to more than £235 million compared to £132 million in 2014.

The record-breaking results are underpinned by growth in the º£½ÇÊÓÆµ property sector and the regional marketplace, resulting in rising values for its housing and commercial sites.

The firm has a 5,900 acre landbank worth more than £1.3 billion.

The performance was buoyed by further advances in its residential business as the housing market continues to lift, and a continued focus on London and the South East with further acquisitions.

St Modwen is marketing the New Covent Garden Market project in Nine Elms developed in a joint venture with VINCI.

Elsewhere the company is continuing £10 million development of the Goodyear factory site in Wolverhampton where 600 homes will be built, the 90,000 sq ft St Matthews Quarter shopping development in Walsall and the expansion of the Burton Gateway business park on the A38.