Finance

St Modwen progresses with retail exit as home sales rise sharply

By 2018-06-05T07:02:00

St Modwen has almost reached its target to sell £100m-£150m of retail assets as the group continued its strategy to reduce its exposure to weaker property sectors.

In a trading update to the market this morning, the group said the sale of two retail assets at Longbridge and Wembley plus a small retail disposal in Liverpool means it had reached around 95% of the lower end of target retail sales during 2018.

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