22 January 2020 – trading statement

The property group has announced a trading statement ahead of its interim results announcement due on 26 February.  This has revealed that the company is continuing its policy of repositioning its portfolio, disposing of ex-growth retail assets and re-investing elsewhere in its property portfolio, including The Cube in Leeds and Ducie House in Manchester.  We believe that the shares, which are yielding 5.3%, remain GOOD VALUE.