Strong Leasing Performance
Delivered GBP 37.6 million in leasing within 6 months, equal to the entire previous year, and 7% ahead of Estimated Rental Value (ERV).
Significant Sales Ahead of Book Value
Achieved more than GBP 290 million in sales, 1.7% above book value, including the largest single asset sale in the West End year-to-date.
Record Financial Results
Pro forma rent roll up 29%, with average office rents up nearly 10% over the past 12 months and earnings growth of almost 85%.
Positive Market Outlook
Supportive leasing conditions expected to continue, with prime rents predicted to rise further despite macroeconomic challenges.
Flex Workspace Growth
Fully managed spaces generating GBP 50 million in annualized rent, with a potential increase to GBP 59 million, indicating a 2.4x organic growth uplift.