- Logistics property investor Urban Logistics said the value of its portfolio had risen 3.8% in the first half of its financial year.

The company's portfolio valuation had risen to £195.0m at the end of September, the company said.

Its unaudited EPRA net asset value had risen 5.2% to 145.2p per share, since 31 March.

'Urban Logistics remains real estate's top performing sub-sector and we have again delivered a strong performance for our interim period,' chief executive Richard Moffitt said.

'The results are driven by our asset management activities - notably, increasing rents across our core locations and selling ahead of book values.'

'We remain on track to meet our objectives for the current financial year.'

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