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Trusted media brand of the Chartered Institute of Housing
London-focused regeneration developer says it has been ‘unaffected’ by build cost rises
London-based regeneration specialist Mount Anvil has reported a sharp rise in profit for the 2022 with the firm stating it was “largely unaffected” by construction cost rises and market uncertainty.
In full year accounts filed at Companies House, Mount Anvil reported a pre-tax profit increase of 59% to £6.3m, on the back of turnover of £245m, itself up 22%. The firm said in the accounts statement the increase in turnover was due to large numbers of sale completions at its 796-home Royal Eden Docks scheme, which it is developing in joint venture with the owner of the Excel exhibition centre.
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