Shares in Derwent London were up by almost 3%, or 80p, as the developer said it is pushing ahead with its next office scheme in the capital.
Despite the Covid-19 lockdown encouraging home-working, Derwent has extended £16m-worth of leases since the summer and is now underway with designs for its next development, at 19-35 Baker Street, W1.
The company’s shares ended trading at 2,842p.
Also heading up was Helical, gaining 6.5% to 360p a share, a near-five month high.
The day’s sharpest REIT rise was posted by Real Estate Investors, which yesterday said its out-of-town office portfolio has shown “improved demand as occupiers seek to provide a safe and convenient environment for their employees without the need for unnecessary use of public transport or city centre commutes”. Its shares were up by 6.3% to 30.5p.
The FTSE 100 was up 0.4% at 5,906 points. The FTSE 250 was up 0.7% at 17,928.
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