Land Securities Group PLC Capital Markets Day (0758B)
09 Febbraio 2022 - 7:59AM
UK Regulatory
TIDMLAND
RNS Number : 0758B
Land Securities Group PLC
09 February 2022
Land Securities Group PLC ("Landsec")
9 February 2022
Capital Markets Day - Manchester
Landsec will today host a Capital Markets Day (CMD) in
Manchester, focused on mixed-use urban neighbourhoods as a key
pillar of the company's growth strategy.
The day will consist of presentations and asset tours. Landsec
will cover progress on its mixed-use urban neighbourhoods strategic
priority where it has announced a recent investment in MediaCity
and the acquisition of U and I Group PLC.
Landsec plans to invest circa GBP1.5bn of capital expenditure on
its mixed-use urban neighbourhoods pipeline over the next five
years, delivering an expected circa 20% profit on total development
cost, in addition to a planned investment of circa GBP1.3bn in its
London office pipeline. It expects to start construction of the
first building at Mayfield later this year and MediaCity phase 2 in
2023. The CMD will include tours of both of these assets.
The CMD will not include a trading update. The presentation
slides will be available on the corporate website from 11:30am GMT
and an audiocast of the presentation will be available on Thursday
10 February.
Landsec will host a CMD later this year focused on ESG. Further
details will follow shortly.
Ends
About Landsec
At Landsec, we build and invest in buildings, spaces and
partnerships to create sustainable places, connect communities and
realise potential. We are one of the largest real estate companies
in Europe, with a GBP11 billion portfolio of retail, leisure,
workspace and residential hubs. Landsec is shaping a better future
by leading our industry on environmental and social sustainability
while delivering value for our shareholders, great experiences for
our guests and positive change for our communities.
Find out more at landsec.com
Please contact:
Press Investors
Sara Doggett Ed Thacker
+44 (0) 7834 431258 +44 (0) 20 7024 5185
sara.doggett@landsec.com edward.thacker@landsec.com
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END
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(END) Dow Jones Newswires
February 09, 2022 01:59 ET (06:59 GMT)
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