London demand lifts Mount Anvil

London residential property developer Mount Anvil delivered record profits last year after benefiting from strong demand for homes in the capital. The group yesterday said profits rose 52 per cent to £15.4m last year compared with £10.1m in 2012 on sales up 50 per cent to £162.2m. The value of its development pipeline stood at £930m at the end of 2013, accounting for 1,333 new homes. The group recently signed a £200m deal with Ares to deliver 2,500 homes by 2018.