Property developer St Modwen has won the race to acquire and develop Silverstone, the motor racing circuit near Northampton that hosts the British Grand Prix. It is proposing a £600m mixed-use development of the 800-acre site to include hotels, restaurants and other leisure accommodation. The company is also creating a £100m zoo and leisure scheme on a site at Dudley in the West Midlands. The Sunday Telegraph 29/01/06 (Business) page 2