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St. Modwen releases £47m of capital via the sale of a 34 asset portfolio
St. Modwen has sold a portfolio of 34 mixed-use properties to Hansteen Holdings PLC for a total cash consideration of £53.7m (c. €53.7m). Adjusted for assets held in joint venture, St. Modwen’s share of the consideration is £47.3m (c. €52.9m), which compares to a book value for its share of…
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