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BUZZ-UK property companies fall on more signs of post-Brexit stress

Tue, 05th Jul 2016 08:06

** UK property companies and housebuilders fall after anasset write-down and suspension of a leading property fund causeconcern

** Standard Life Investments has suspended trading inits unlisted UK real estate fund (one the country's largest)after previously writing down its value by 5 pct

** First suspension in the sector since 2008: listed realestate funds from Standard Life, Picton, F&C and Schroders down 8-15 pct

** St Modwen falls 5 pct after it writes down thevalue of its Nine Elms site, one of a number of prime Londondevelopments that has been hit by oversupply

** Capital & Counties, a joint developer of NineElms, down 4.2 pct

** Barratt, Persimmon, Taylor Wimpey all among top fallers on FTSE 100, down c. 6 pct

** British Land and Land Securities bothdown c. 5 pct

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5 Dec 2019 08:40

St Modwen delivers 'continued progress'

(Sharecast News) - Property investment and development group St Modwen delivered continued progress in its recently wrapped up trading year thanks to its refocused growth strategy.

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2 Dec 2019 08:57

St Modwen Sells Swansea Student Accomodation For GBP38 Million

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2 Dec 2019 07:24

St Modwen sells Swansea student accommodation for ?38m

(Sharecast News) - St Modwen has completed the sale of its interest in a purpose-built student accommodation building at Swansea University Bay Campus for £38m.

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28 Nov 2019 09:24

St. Modwen Sells Three Non-Core Retail Assets For GBP34 Million

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28 Nov 2019 09:22

Ocado To Build First Mini Customer Fulfillment Centre In Bristol

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28 Nov 2019 07:41

St Modwen sell 3 retail assets for ?34m

(Sharecast News) - St Modwen properties said it had sold three retail assets in Doncaster, Crosby and Kirkby for a combined £34m, representing just over half of the company's remaining non-core retail portfolio as at May 2019.

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28 Nov 2019 07:33

Ocado to build smaller fulfilment centre at St. Modwen site in Bristol

(Sharecast News) - Ocado Group announced the location of a sixth 'customer fulfilment centre' (CFC) in the UK on Thursday, to support the growth plans of its grocery retail division.

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27 Nov 2019 13:30

DIRECTOR DEALINGS: St Modwen Properties Non-Executive Buys Shares

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22 Nov 2019 08:52

LONDON MARKET OPEN: Promising Start Amid Blue-Chip Exec Changes

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TOP NEWS: Land Securities Poaches St Modwen's Mark Allan As New CEO

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