In a half year trading update, the commercial property giant said that underlying profit grew 3.4 per cent to £142m but IFRS loss after tax widened from £32m last year to £61m.
The company's share price rose over six per cent yesterday as the
Despite this, chief
The developer behind
In recent months, retail parks are proving a popular option because they are "low maintenance" and cheaper than taking space at a traditional high street store or shopping centre.
Meanwhile, its urban logistics schemes, which are warehouse spaces in cities, have also benefited from the rise in demand for e-commerce.
The company said its portfolio is focused on "densification and repurposing opportunities in central
(c) 2023 City A.M., source