St Modwen beats property gloom with valuation rise (UK)

Regeneration specialist St Modwen defied the downturn in property prices by posting a 7% rise in net asset value in the six months to 30 November 2007.

In its results for the full year, St Modwen showed a 20% rise in NAV to 387p a share. In the second half a rise in yields on average of 0.25% caused a drop in value of

Related News