St. Modwen grows residential business with two senior hires

St. Modwen, the UK’s leading regeneration specialist, is pleased to announce two senior residential appointments as it looks to maximise its strong pipeline of UK- wide residential development opportunities across its 6,000 acre landbank, including over 30,000 individual plots.

Guy Gusterson has been promoted to Group Residential Director from Managing Director of its housebuilding business, St. Modwen Homes. In his new role, Guy will be responsible for directing all residential activity undertaken by the Company, with an overall objective of maximising the potential of the 1,900 acre residential landbank. Guy originally joined St. Modwen in 2006 and since 2011 has successfully overseen the development of St. Modwen Homes.

David Smith has joined St. Modwen from construction group Morgan Sindall, as Managing Director of St. Modwen Homes, replacing Guy following his promotion. David was most recently Managing Director Construction North at Morgan Sindall, responsible for the delivery of sites across the Midlands, North East, North West and North Wales regions.

David joins St. Modwen with a thorough understanding of the business having spent six years as a Senior Construction Manager in the Company up until 2009. During this period he was responsible for delivering the initial phases of Edmonton Green and Wembley Central.

Both Guy and David will be members of the St. Modwen Property Board, a committee of executives, responsible for directing property strategy across the business.

Commenting on the appointments, Bill Oliver, Chief Executive of St. Modwen, said:

“St. Modwen Homes was established in 2011 and although relatively young in St. Modwen’s twenty nine year history, our residential activities have grown to be an increasingly significant part of our business.

“These two strategic appointments are representative of our confidence in the prospects for the residential activities undertaken across our business, from creating oven-ready land for sale to house builders or developing homes under our own housebuilding brand for prospective home owners. Both Guy and David take on their new roles with strong proven track records which will enable them to make a significant contribution to further improving the operational performance of our residential business.”