Shares in UK REITs and housebuilders rallied on Wednesday, as better than expected inflation figures fuelled hopes that interest rates had peaked.
Official data yesterday showed that inflation last month had fallen to 7.9%, a 15-month low and below the 8.2% expected by City economists.
The news prompted a surge in appetite for property stocks, with British Land rallying by 10.34%, Derwent London by 9.99%, Landsec climbing 7.99%, SEGRO by 6.88% and Tritax Big Box by 7.07%.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
