UK-based St Modwen has been appointed by Medway's city council as its partner to carry out a £1 bn (EUR 1.5 bn) development to transform Medway in 'a world-class city'. St Modwen, a regeneration specialist, is to embark in a major 15-year programme that will deliver new shops, restaurants, as well as conference and restaurants facilities to the area. Under the 50/50 partnership, St Modwen will provide the developments and infrastructure, and Medway the land, including a 64-hectare site in Chatman, part of the Medway conurbation in the south of England.
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