Benchmark said it would continue making disposals as it reported half-year pretax profits of £9.59m on net rental income of £15.4m.
The comparable period a year before profits were £14.6m but this included £6.5m from the sale of its controlling interest in Nexus Estates. Rental income a year ago was £15m.
The central London offices specialist said demand in the capital had slowed after September 11 and top quality rents were down almost 10% on June 2001 levels. However, retail rents had been stronger.
Financial Times 01/03/02 page 24
The Times 01/03/02 page 28 (Need to know), page 29 (Results in brief), page 33
