Positive Update on Office Active Occupancy
The Company is pleased to provide an update on active office occupancy based on a survey of the Group’s tenants across 122 buildings in the Company’s portfolio. The survey’s results are based on the Company’s office tenants across a wide geographic spectrum of the main regional centres of the UK and in aggregate account for over 29,000 employees. The survey showed that employees have returned to the office for an average of 4.1 days per week.
The survey also showed 71.4% active office occupation across the portfolio, which compares favourably to the 65.4% announced in June 2023. Pre-pandemic active occupation is estimated at 70.0% The Asset Manager’s study of the office portfolio shows that current active occupation is 102% of the pre-pandemic occupancy levels and is expected to grow further.
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