The Local Shopping REIT has continued to sell properties and pay-down debt in the six months to the end of March.
The company sold 46 properties for £17.3m during the period, and reduced bank debt from £30.9m a year earlier to £9.9m. Its portfolio value stood at £24.8m at the period end.
It made an IFRS loss of £2.9m in the period when adjusted operating profit came in at £0.14m.
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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
