Land Securities has announced it will spend £260m on a speculative mixed-use development in the City of London in a move it says “demonstrates our confidence in the London office market”. 1 & 2 New Ludgate in EC4 will comprise 346,000 sq ft of ... Read more
Land Securities this week reported that it had performed well during the final three months of 2012 – the third quarter of the group’s financial year. In a “difficult” market, the group said interest levels in its London offices and retail portfolios ... Read more
Land Securities today said it was “pleased with progress” as it reported £9.3m of development lettings signed during the three months since the start of April, £5.8m of which were within its London portfolio and £3.5m across its retail properties. A ... Read more
Land Securities today reported that the proportion of units in administration in its like-for-like portfolio had reached 1.0% as of 20 January. The figure for the end of December (the end of its third quarter) had already edged up to 0.6%, from 0.4% ... Read more
Land Securities today said it expected pressures in managing occupancy rates to continue, but noted encouraging levels of enquiries for its London developments and progress in pre-letting its retail developments. The group’s main customer base – ... Read more
Land Securities today said it had stepped up its activity in retail development, mostly in edge-of-town locations, and now had a £275m, 1m sq ft pipeline of opportunities to meet the growing demand from food and fashion retailers for space. Chief ... Read more
Land Securities pleased the stock market yesterday with strong full-year results and a confident outlook. NAV per share was up 18% year-on-year to 885p at the end of March 2011 while pre-tax profits were 14.8% higher at £1,227.3m. The group said its ... Read more
Land Securities, which this week began work on the Walkie-Talkie office tower in the City in a joint venture with Canary Wharf Group, yesterday announced that it expects a wider range of buying opportunities this year – although bidding may remain ... Read more
Two major listed property companies have issued results this week. Land Securities said its adjusted diluted NAV per share had risen 6.7% in the half-year to 30 September, to 737p, and said rental values had risen 1.1% across its portfolio during the ... Read more
Yesterday the Cheesegrater, today the Walkie Talkie. Land Securities is dusting off plans to develop its unusually-shaped tower at 20 Fenchurch St in the City of London, joining the list of key sites that look set to be restarted as demand rises for ... Read more
