Capital & Regional posts positive update

The mall luton

Capital & Regional has reported a 3.4% increase in its estimated rental value for the first half of 2018.

The REIT completed 21 new lettings and 23 lease renewals in the first six months of the year totalling £3.3m in contracted income.

Occupancy remained high at 96.9% at 30 June 2018, marginally below the December 2017 equivalent of 97.3%, which benefitted from the peak Christmas trading, and ahead of June 2017 which was 95.5%.

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