Capex Investment Progress
Invested GBP 6 million in Capex in the first 6 months of 2025, with 5 projects on site and 18 in transition, compared to GBP 8.2 million for the entire 2024.
Asset Sales and Debt Reduction
Sold assets worth GBP 23.2 million so far, with plans to reach GBP 40-50 million by the year-end, aiming to reduce net LTV to below 40%.
New Lettings and Rental Growth
Achieved 20 new lettings in H1 2025, creating a GBP 1.4 million rent roll, with rents in excess of ERV and an average growth of 4.2% ahead of ERV.
Positive Total Return
The company has produced a total return of 9.6% for the half year, slightly ahead of the index.
Strategic Pipeline and Occupier Demand
Strong progress on material new letting opportunities and increasing occupier interest expected to benefit future financial years.
ESG and EPC Improvements
Nearly 60% of the portfolio now complies with EPC A or B, with ongoing solar and 4D installation programs contributing to sustainability efforts.