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Market wrap: Schroders surges after ‘transformational transaction’

Schroder European REIT’s share price jumped 12.9% today, following news of its £95m Parisian office sale to AEW.

Chairman Julian Berney described the sale as a “transformational transaction”. The REIT surged to 70p at the end of trading.

Retirement housing developer McCarthy & Stone rose 6.3% to 74.2p after unveiling a £125m partnership with care provider Anchor Hanover to develop 482 homes with a focus on affordable housing provision.

Elsewhere, there were notable climbs for housebuilders Cairn Homes up 5.91% to 528.8p and Countrywide rising 5.11% to 57.66p.

The FTSE 100 nudged up 0.23% to 5,879 and the FTSE 250 ended the day up 0.39% to 17,383.

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