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Goodman Slams City for Flat Results

LONDON-Shopping centre investor Tops Estates turned in a disappointing set of figures for the year to 31 March 2001. Chairman Everard Goodman blamed the City's failure to understand the property sector.

By Graham Parker | Updated on July 02, 2001

LONDON-Shopping centre investor Tops Estates turned in a disappointing set of figures for the year to 31 March 2001, with net asset value virtually unchanged at 327 per share and pre-tax profits down 1.4 per cent to £7.0 million ($9.87 million).

Chairman Everard Goodman blamed the City’s failure to understand the property sector and retail investments in particular. A shift in yields resulted in the annual portfolio valuation by Cluttons, falling 1.5% to £459 million ($647 million)

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