- St Modwen Properties said it continues to trade well, and is looking to net asset value growth at both its half- and full-year results.

It added that it continued to extract both short- and long-term value-generating opportunities from its extensive land bank, asset management activities, remediation, and success in planning and development.

CEO Bill Oliver said:

"We have experienced a good start to the year as our extensive regional portfolio, commercial development pipeline and housebuilding activities continue to produce real opportunities for growth in terms of Group Net Asset Value which we expect to demonstrate at both the half year and the full year 2016, leading to long-term value creation for our shareholders".

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