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 is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now