Big regeneration projects keep St Modwen in the black

Major projects in the North West have added have helped keep  regeneration giant St Modwen in the black, although pre-tax profits have tumbled from £258.4m to £60.8m.

The Midlands-based company reported continued resilience amongst its commercial portfolio in the North West in the year to November 30, 2016.

Regional director Steven Knowles said: “We have completed 156 transactions (lettings and lease renewals) amounting to a cumulative rental income of over £1.8m and spanning 278,000sq ft of space, w... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...