The portfolio consists of six industrial estates, three office properties and two sports grounds which provide short to medium-term income of £3.5 million per annum. And in the longer term several of the sites have redevelopment opportunities.

Anthony Glossop, Deputy Chairman and Chief Executive of St Modwen said: 'The sites are all well situated in the North West, Midlands and South East which are our traditional areas of activity and will further strengthen our landbank of future opportunities.'

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