Highlights

• Our focus on the foodstore sector means that we now have a substantial pipeline of new development opportunities.
• We have seen demand for pre-lets coming from occupiers with strong covenants from a variety of sectors.

Commercial Property

During the second half of the year we began to see improving sentiment in the investment markets which translated fairly quickly into an increase in prices paid for well let properties in good locations.

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Residential Property

In the second half of the year we have seen average values stabilise across our portfolios. The actual movements in value depends very much on the geographical location of the properties.

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