Brownfield Redevelopment Firm Announces Major Turnaround

Summary


A LEADING regeneration firm working on two major North-East redevelopments, yesterday announced a spectacular turnaround in fortunes from 12 months ago.

St Modwen Properties said it had made pre-tax profits of [pounds]37.5m in the year to November 30, compared to losses of [pounds]119.4m in 2009.

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Brownfield Redevelopment Firm Announces Major Turnaround

Last year, the firm entered a joint venture with Persimmon to develop 2,000 houses over seven sites, in...

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