St Modwen targets jump in logistics assets

Management plans to sell non-core strategic land assets, resulting in housebuilding and logistics accounting for 90 per cent of the portfolio

February 9, 2021

by Emma Powell

Housebuilding completions recover during the second half, 25 per cent growth targeted this year
Around 1.5m square feet of logistics space due to be delivered in FY22

St Modwen (SMP) is attempting to cut the influence of its strategic land and regeneration business, which forced the group into a pre-tax loss during the 12 months to November.

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