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) Dow Jones Newswires

February 09, 2022 01:59 ET (06:59 GMT)

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