16th Jul 2025 15:55
Wynnstay Properties PLC - London-based property investment and development company which owns and manages a portfolio of office, retail, warehouse and industrial properties - Agrees terms for two new open market lettings in its first quarter at higher rents than previously received, on units at its Liphook and Hailsham properties. Also completes the lease renewal of a unit at its Lichfield property, at a "substantially increased rent", 29% higher. Two further tenant break options have lapsed during the quarter, in addition to the nine break options reported for its previous financial year, which ended March 25, demonstrating "strong tenant retention within the portfolio". Notes that its portfolio remains fully let, and there are no material rent arrears in the first quarter.
Current stock price: 780.40 pence, up 2.7% in London on Wednesday afternoon
12-month change: up 13%
By Emily Parsons, Alliance News reporter
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