Shares in Watkin Jones hit an 18-month high today, after the developer said in a trading update that it was making “good progress” across its business.
The AIM-listed company said its secured development pipeline is now valued at around £1.7bn, covering 3,870 BTR flats and 6,750 student beds.
Its shares finished the day up by almost 4% at 249p, their highest since before the first Covid-19 lockdown.
Among the large caps, both British Land and SEGRO were among the day’s biggest FTSE 100 fallers, down by 0.9% and 0.7% respectively. And in the FTSE 250, Hammerson dropped by almost 4% and Shaftesbury by 3.3%.
The FTSE 100 was up 0.7% at 7,187, while the FTSE 250 finished trading at 24,248, a rise of 0.2%.
To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews
