St Modwen Properties saw pre-tax profit jump 16% to £21.5m last year from £18.5m in 1999. Results for the year to 30 November 2000 also showed a net rental income increase of 14% to £22.5m in 2000, compared with £19.8m in 1999.
Schemes completed last year include a 3700 m2 office for ICL at Trident Business Park in Warrington, Cheshire. It also finished five projects in Stoke-on-Trent and five in Halesowen.
The developer has outline planning consent for the first phase of its town-centre refurbishment programme in Farnborough, Hampshire. It has also formed a development agreement with West Pier Trust in Brighton for the restoration of the grade I-listed pier.