U+I’s share price closed at its highest in nine months today, a welcome sign of investor support as the company pushes on with a review of its business.
The group is aiming to generate some £50m from non-core disposals this year and a further £80m during its 2022 financial year, with cost-cutting measures including looking for a new, smaller office.
Its shares finished trading today at 89p, their highest since late May 2020 – the rise of 4.7% was the highest share price gain of any of real estate company or REIT during the session.
Also posting gains were Capital & Regional – up 3.8% to 60p – and GCP Student Living, up 2% to a fresh 11-month high of 153p after yesterday’s announcement of a deal with WeWork over a problematic lease.
The FTSE 100 closed down 0.1% at 6,748, while the FTSE 250 was almost flat at 21,416.
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