November 12, 2013
Land Securities, the UK's largest REIT by capitilisation, reported half-year results with revenue up 8.9% to £156.5m for the period and adjusted earnings 8.2% ahead at 19.9p.
In a video interview, CEO
said the commercial property group had delivered a strong first half.
"We're letting more space. Voids and administrations are down, so that's good news... Business confidence bodes well for our development programme. I think, though, the consumer remains under pressure and we need to keep an eye on that."
Noel described Land Securities as "a business in full delivery mode" with lots of activity around committed schemes, proposed schemes and around letting activity, in particular.
The video interview and transcript are available now on
MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email
or phone +44(0)207-936-1352.
SOURCE Land Securities