DEVELOPER St Modwen Properties today revealed it made a £100m loss last year as the recession devastated the commercial property sector.The company, announcing its annual results for the year ending November 30, said the full loss after tax amounted to £101.7m.The figure is almost double that of 2008 when losses amounted to £50.7m.Despite the figure, Chairman Anthony Glossop was mostly upbeat in his statement. He said that the bulk of the loss (£80.6m) had been incurred in the first half of the year wh......for the full story register now for free or login below...