Steady demand for offices in London has helped Workspace to report a 2.7% rise in rental income during the first half.
The listed property company, which provides office and workshop space for businesses, said that like-for-like rental income had risen to £76.8m.
Enquiries and lettings were in line with the previous year. Net asset value per share, a key performance indicator for the property industry, rose by 3.7% to £10.75p.
However, according to the FT, pre-tax profits declined 18% to £101.6m in the six months to September, due to “a lower increase in property valuation” and the disposal of some real estate. Property valuations, however, rose by 2.6% to £2.4bn.
