Quoted Jermyn Investment Properties, which holds a 50% stake in Castle Market Holdings, the second largest Irish property company, is planning to achieve a listing on the Dublin stock exchange later this month. Jermyn reported a 24% rise in pre-tax profit to £1.32m for the year to December 31. Net assets per share rose 26% to 218p. CMH plans to extend the Stillorgan shopping centre in Dublin.
Estates & General is back in the black after reporting a £1.64m pre-tax profit for the year to December 31. This compared with a £1.8m pre-tax loss the previous year. The profit includes an £800,000 settlement of a claim against a third party which, combined with a 1.8% rise in the value of investment property to £68m, pushed net asset value per share from 84p to 90p.
