St. Modwen Properties PLC, the regeneration specialist, has been named “Best Performer 2002” at the fourth annual conference of the European Public Real Estate Association (EPRA).
St. Modwen was placed ahead of its peer group of leading European real estate companies, in recognition of its outstanding performance, good active management and transparency for investors.
The Award criteria include:
– Best absolute total return in 2002
– Consistent out-performance versus the country index, for the past three years
– Qualitative criteria such as corporate governance, liquidity and transparency are also taken into account
St. Modwen has shown a total return of over 62% in 2002 and has outperformed the EPRA UK benchmark for three consecutive years in a row. The Company has a long term objective of doubling the net worth of the Company every five years, and is anticipating record full year results for an eleventh consecutive year.
Anthony, Glossop, Deputy Chairman & Chief Executive of St. Modwen, commented:
“We are delighted to have been awarded this prestigious accolade in recognition of our strong track record. We look forward to challenging for the award in future years.”
For further information please contact:
St. Modwen Properties PLC www.stmodwen.co.uk
Anthony Glossop, Deputy Chairman & Chief Executive
Bill Oliver, Managing Director
Weber Shandwick Square Mile
Reg Hoare/Katie Hunt 020 7067 0700