Company has been trying to sell logistics development site for the past year
Double-digit increases keep industrial investor positive
Investor is also back in the black, citing robust occupier demand
REIT has now sold more than £165m of assets as its seeks to deleverage the business
Company closed 22 deals over most recent quarter
The REIT has sold £53m of assets since April last year
New lettings for its Q3 were 33% ahead of previous rents, and renewals 38% ahead
The REIT has been assembling the 102-acre site since 2017
Warehouses in Cardiff and the Isle of Wight are the latest to be sold
Next property director Dominic O’Rourke has been made an independent non-executive director
Dales Manor Business Park in Cambridge was sold for £27m
The REIT is now at the bottom of the FTSE 250 on 97.7p, down from a high of 176p a year ago