Key Developments: Land Securities Group PLC (LAND.L)

LAND.L on London Stock Exchange

1,155.00GBp
19 Dec 2014
Price Change (% chg)

10.00p (+0.87%)
Prev Close
1,145.00p
Open
1,148.00p
Day's High
1,160.00p
Day's Low
1,148.00p
Volume
4,161,133
Avg. Vol
2,108,195
52-wk High
1,210.00p
52-wk Low
937.67p

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Latest Key Developments (Source: Significant Developments)

Land Securities Group PLC declares interim dividend
Wednesday, 22 Jan 2014 02:00am EST 

Land Securities Group PLC:Says third interim dividend for the current financial year will be 7.6 pence per share.Says the dividend is to be paid on Apr 11 to shareholders on the register at Mar 14.Says the cash dividend will be paid entirely as a Property Income Distribution (PID).  Full Article

Land Securities Group PLC Sells Bankside To M&G Real Estate
Thursday, 10 Oct 2013 04:36am EDT 

Land Securities Group PLC announced that it has agreed to sell Bankside 2 & 3, SE1, and its retail holdings in Bankside 1, to M&G Real Estate Limited for GBP315 million, reflecting a net initial yield of 5.2%. Bankside 2 & 3 comprise more than 380,000 sq ft of office accommodation let to Royal Bank of Scotland until 2027. The sale to M&G Real Estate includes 73,000 sq ft of retail space let to several retailers.  Full Article

Land Securities Group Plc Agrees To Purchase Further 35.6% Interest In X-leisure
Thursday, 19 Sep 2013 04:27am EDT 

Land Securities Group Plc announced that it has agreed to acquire an additional 35.6% interest in the X-Leisure Unit Trust for a total cash consideration of £104 million, taking its total ownership of the Trust to 95%. The deal follows Land Securities' decision in January this year to take a controlling stake in the Trust, the UK's leisure fund, with assets valued at £GBP90 million as at August 2013, annualised net rental income of GBP39.6 million, and a net initial yield of 6.35%.  Full Article

Land Securities Group PLC Announces Interim Dividend
Wednesday, 17 Jul 2013 02:00am EDT 

Land Securities Group PLC announced that a first interim dividend payment for the current financial year will be 7.6 pence per share. It will be paid on October 11, 2013 to shareholders on the register at September 13, 2013.  Full Article

Land Securities Group PLC and Canada Pension Plan Investment Board Commence First Phase of Victoria Circle Project
Wednesday, 15 May 2013 02:02am EDT 

Land Securities Group PLC and Canada Pension Plan Investment Board announced the commencement of the GBP 768 million first phase of its Victoria Circle project, as part of the continued transformation of Victoria, in London's West End. The first phase, which totals 727,000 square feet, offers 480,000 square feet of office accommodation, 80,000 square feet of retail/restaurant space and 170 apartments within three buildings, at the heart of a new pedestrianized public quarter.  Full Article

Land Securities Group PLC Proposes Final Dividend
Wednesday, 15 May 2013 02:00am EDT 

Land Securities Group PLC announced that the Board has proposed a final quarterly dividend for the year ended March 31, 2013 of 7.6 pence per share (2012: 7.4 pence), which will be 100% PID, to the extent it is paid in cash, and result in a further estimated distribution of GBP59.4 million (2012: GBP57.5 million). It will be paid on July 19, 2013 to shareholders who are on the Register of Members on June 21, 2013.  Full Article

Capital & Regional PLC's Subsidiary Announces Completion Of Disposal Of X-Leisure Business To Land Securities Group PLC
Thursday, 17 Jan 2013 02:00am EST 

Capital & Regional PLC announced that the disposal of its 11.9% stake in the X-Leisure Fund and its 50% interest in X-Leisure Limited to a subsidiary of Land Securities Group PLC has completed. As detailed in the shareholder circular on the disposal of the X-Leisure business, published on December 21, 2012, the Company intends to use part of the disposal proceeds to buy back its own shares. Financial terms of the transaction were not disclosed.  Full Article

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Land Securities Group sells Scottish real estate to HSBC for $350 million

LONDON - Britain's Land Securities Group has sold Scottish real estate worth 224.1 million pounds ($350.87 million) to HSBC as it focuses on larger commercial property assets in and around London.

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