Minerva is to submit revised plans this month to redevelop Kensington’s Odeon cinema in west London following protests from film director Michael Winner and others.
Minerva is working with residential developer Northacre to redevelop the site opposite the Commonwealth Institute and Holland Park.
Following objections to the original plan, the pair will now build 30 affordable housing units on a separate site rather than have 20 within the rebuilt cinema.
Minerva made a loss of £2.1m in the year to 31 December. Net asset value per share was 321p.