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Former St Modwen Group FD Joins LCR Board

The former group finance director of St. Modwen Properties plc, Michael Dunn, has joined board of LCR, the commercial developer and the government’s regeneration expert.

A Chartered Accountant, Michael has been appointed as a non-executive director of the business, which transforms public sector real estate assets to deliver homes, jobs and public value. He will chair LCR’s audit and risk committee.

Michael was group finance director of St. Modwen Properties plc, the FTSE250 regeneration specialist, until 2015. Prior to that, he was group FD of infrastructure support services business May Gurney Integrated Services plc for five years, with key achievements including taking the company through an IPO to list on AIM. 

He remains a board member, as well as audit and risk committee chair, at Metropolitan Thames Valley Housing Association, one of the UK’s leading providers of affordable housing and care and support services. 

LCR is a skilled developer and the UK government’s regeneration expert, with a 20-year track record that includes the multi-billion-pound, mixed-use redevelopment of King’s Cross, one of the UK’s most successful regeneration stories. It is wholly-owned by the Department for Transport (DfT).

Nick Markham, chair of LCR, said: “Michael’s track record both within UK regeneration and on the leadership teams of major corporates adds further depth and skill to the LCR board.

“The board and our executive team have ambitious plans to expand LCR’s role in delivering public value through the placemaking-led regeneration of underused public assets, and we are thrilled to have Michael on the team.”

LCR also has a growing portfolio of major developments and strategic partnerships with local authorities and transport bodies across the country.

Its current schemes include the retail and leisure-led redevelopment of the former Waterloo International Terminal, a £2.4 billion joint venture development with Lendlease at International Quarter London (IQL) in Stratford, and the regeneration of the 24-acre Mayfield site in Manchester, where it is working in partnership with U&I, Manchester City Council and Transport for Greater Manchester.

Michael Dunn added: “LCR has an impressive track record in bringing together public and private sectors partners to deliver impactful regeneration. I look forward to working with my colleagues on the board as we continue to support the Government’s drive to deliver new homes, jobs and investment and ensure more places reach their potential.” 

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