- The Local Shopping REIT reports a robust performance from its portfolio despite challenging conditions in the retail market.

It said that 39 vacant units had been let since the end of March at a total rent of £313,850 per annum.

And it reports a strong letting pipeline, with 26 units under offer as at 31 July, at a combined rental of £337,420 per annum.

Executive director Steven Faber said: "The portfolio performed robustly since the half-year against the challenging conditions in the retail market and the economy generally.

"We are pleased that the portfolio continues to respond to a hands-on approach to asset management and active communication with our occupiers during what has been a period of major transition for the business, with the transfer of its executive management, office relocation and a number of other significant changes."

At 8:01am: [LON:LSR] share price was +0.38p at 25.63p

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