DevelopmentsDevelopments continue on track with construction having commenced on six stores, and planning consent recently granted on appeal for a 68k sq ft store.
Earnings GrowthSupporting earnings growth further, is the strong pipeline of nearly 1m sq ft, with the total potential uplift to NOI from letting up existing space and the build-out of the pipeline is c.£50m.
OccupancyThe signs of stabilisation in occupancy continued with like-for-like closing occupancy improving 3.4% over the quarter to 82.4%.