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AEW UK REIT posts leisure-led lettings lift

Leisure leasings have given a lift to the rent roll at AEW UK REIT.

In an update for the three months to 30 September, the REIT said it had sealed three new lettings for a combined annual rent of £598,470: Tenpin at the Railway Centre in Dewsbury, Farmfoods at Barnstaple Retail Park and Roxy Lanes at Union Street, Bristol.

The REIT has posted a 2.94% like-for-like lift in its portfolio valuation, with net asset value rising by 3% quarter-on-quarter to £172.7m.

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