St Modwen progresses with retail exit as home sales rise sharply

St modwen

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue