Songbird Estates Plc today announced its results for the six month period ended 30th June 2006. Net assets increased by 19.9% to £1,069.2m from £892 at 31st December 2005.
The market value of the property portfolio increased, by 9.2% to £6,216.2m. On 19th April an interim dividend of 18p per share was paid, totalling £110.9m.
The report also announced that transactions over 450,000 sq ft were achieved. This included the agreement for sale upon completion of a 300,000 sq ft building at 20 Churchill Place. The new building will be sold to Prudential Retirement Income Ltd for a consideration of £199.5m.