- Warehouse REIT said it completed 11 new lettings in the second quarter and five lease renewals, with tenants including Asda and DFS.

The deals were struck across 125,983 square feet, 2.3% ahead of the previous quarter, generating £449,623 of additional income, the company said.

The weighted average unexpired lease term of the company's portfolio had now marginally increased to 4.2 years to expiry, up from 4.1 years at the end of March.

'The outlook in the markets where the portfolio is weighted remains appealing,' said Andrew Bird, managing director of asset manager Tilstone.

Rental growth in the warehouse sector was forecast to outperform other sectors, Bird said.

'And with a number of asset management-enhancing initiatives underway, our focus remains on further improving the income profile of the portfolio and delivering value on behalf of shareholders.'

At 9:45am: [LON:WHR] Warehouse Reit Plc share price was +0.5p at 100.5p

Story provided by