- St. Modwen Properties (SMP) has confirmed that its 50/50 joint venture with VINCI has exchanged contracts for the sale of its interest in the 10-acre Nine Elms Square site to Wanda Commercial Properties for £470m.

Completion is expected to occur later in the summer, following demolition of the former flower market.

At 3:00pm: [LON:SMP] St Modwen Properties PLC share price was +9.6p at 361.7p

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