News: Land Securities Group PLC (LAND.L)

LAND.L on London Stock Exchange

30 Nov 2015
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Tue, Nov 10 2015

UPDATE 1-Land Securities takes cautious stance on UK property

LONDON, Nov 10 Land Securities Group Plc , Britain's largest listed property developer, sounded a cautious note about the country's real estate market on Tuesday after reporting slower growth in the value of its 14.6 billion pound ($22.07 billion) property portfolio.

Land Securities H1 adjusted NAV up 5.7 percent on strong London leasing

LONDON, Nov 10 Land Securities Group Plc , Britain's largest listed property developer, posted a 5.7 percent rise in first-half adjusted net asset value, after strong performance in its retail and London leasing businesses.

BRIEF-Deutsche Bank agrees new London office lease

* Land securities has pre-let 92,000 sq ft at Zig Zag building, Victoria, SW1 to Deutsche Bank on a 15-year lease.

BRIEF-Land Securities H1 adjusted NAV rises 5.7 percent

* "Land Securities continues to deliver right space at right time, and it's paying off. Our retail portfolio is performing well and leasing levels in our London developments remain strong," Chief Executive Robert Noel said.

BUZZ-European property stocks: stay in favour after no rate hike

** UK and German property stocks among top performers in Europe after US Federal Reserve votes to hold U.S. interest rates

BRIEF-Land Securities to pay interim dividend of 8.15 pence per share

* Have good interest in our well-timed schemes and of 1.1m sq ft remaining to let in our speculative development programme

UK's FTSE drops to lowest in around six months

LONDON, July 7 Britain's benchmark equity index dropped on Tuesday to its lowest level in around six months, hit by persistent concerns over Greece and a pullback in mining stocks as metal prices fell.

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