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Property Alliance Group sees profits double to £11 million

The developer Property Alliance Group with a wage bill of over £2 million saw an annual profit increase from £5.7 million to £11 million up to June 2018. Despite recent troubles that saw a legal battle lost against one of their own former bankers costing the firm £1.3 million (with a further £3.2 million set aside to cover the defendant’s legal costs) they were able to report a doubling of turnover from £7.7 million to £15.8 million.

PAG’s director David Russell wrote: “The property market in the North West remains strong and retail yields remain buoyant. This combined with high-specification projects being delivered on a consistent basis by Property Alliance Group and its partners has led to another successful year for the group”.

Full story can be read on Place North West website.

EAN Breaking News

EAN Breaking News

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