Peel Holdings lifted pre-tax profits to £5.8m from £5.46m,in the half-year to September 30. Turnover edged up to £34.4m from£33.5m.
Disposals cut net rental by £1.1m to £22.1m. The sale ofland and commercial property raised £7.2m.
The company’s property portfolio is dominated by the £600mTrafford Centre outside Manchester which is on schedule to open inSeptember. The company’s broker reckons its net asset value will rise from 555p toabout 660p at the end of the year.
- The Times 30/01/98 page 27
- Financial Times 30/01/98 page 20
- The Daily Telegraph 30/01/98 page 35
