Company says activity picked up in second half
Some 40% of occupiers expect to require more space in the next two years, report finds
REIT captures inflection point across occupational and investment markets
UKCM acquisition drives improvement in rating outlook
REIT is “well positioned” to take advantage of increasing opportunities
But UKCM’s stock rises on potential all-share merger
Merger would create £6.3bn portfolio and a £3.9bn stock market value
UK lettings for the Big Box REIT fell to 22.1m sq ft in 2023 from 38m sq ft in 2022
The REIT has sold six assets since the start of the year at or above book value
The green facility will enforce the REIT’s sustainability agenda
But IFRS earnings per share have fallen by 78%
M&G Investments has sold the Junction 6 Industrial Park for £58.5m