Capital & Regional Properties’ chairman Martin Barber has announced pre-tax profits for the year to June 24 of £173,503 (£41,371) on turnover up 24% to £685,327. Earnings per share are 0.95p, compared with a loss of 0.49p for the first half of 1986. The interim dividend is 0.1p.
Mr Barber says that the company has expanded in Glasgow with the purchase of the 77,000-sq ft Baltic Chambers. He believes that the city will see above average rental growth in the medium term.
The company has also let the last 200,000 sq ft of its 1m-sq ft industrial complex in Gary, Indiana, following which it has acquired a further 400,000 sq ft in East Chicago.
