Urban Logistics REIT increased like-for-like rent by 59% during the first half of the year.
In a trading update this morning, chief executive Richard Moffitt said: “In the first half of the year we have continued to demonstrate how we can drive value throughout the property cycle.”
Despite seeing “the potential for continued capital market turbulence”, Moffitt said he was “reassured by the continuing demand in the occupational market for our asset class”.
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