The strategy of one of Britain’s biggest property groups to sell its shops and invest more in homes and warehouses is starting to pay off.
St Modwen Properties, which has sold about £800 million of retail property and non-core assets in the past two years, reported an 8.5 per cent rise in pre-tax profit to £28.1 million for the six months to the end of May.
The strategy of one of Britain’s biggest property groups to sell its shops and invest more in homes and warehouses is starting to pay off.
St Modwen Properties, which has sold about £800 million of retail property and non-core assets in the past two years, reported an 8.5 per cent rise in pre-tax profit to £28.1 million for the six months to the end of May.
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