Valad Property Group has reported strong leasing performance across its European platform in the third quarter. During the three month period, the fund and asset manager of multi-let commercial real estate let 680,000 square feet in the UK alone at a total rent of £2.2 mln per annum. This compares with an average £2.3 mln worth of new lettings in each of the first two quarters in 2009. Portfolio net income has increased due to a marked reduction in tenant defaults in the third quarter.
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