UK property developer St Modwen has announced plans to sell around £200 mln (€230 mln) of non-core assets as part of a plan to realize capital from its portfolio.
In a presentation of its full-year results, St Modwen said that it will look to sell the majority of Trentham Gardens as well as three town-centre shopping centres valued at a total of £86 mln alongside other non core assets including the Longbridge offices and a dozen other small commercial properties.
St Modwen reported a loss of £121 mln in the full year ended November 2020, compared to a profit of £68 mln a year earlier.
