Anyone wishing to confirm the degree to which the UK’s commercial property market has dramatically polarised over the past 14 months need only consider the comparatively recent performance of the sector’s largest listed companies.
On the one hand, major retail and leisure property owners have grown used to a steady influx of CVAs and administration notices signifying their tenants’ woes; at the same time, most owners have also suffered more than a year’s worth of rent shortfalls or non-recoverable losses.
Meanwhile, office landlords are coming to terms with a profound, far-reaching change in pandemic-inspired working habits.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.