Land Securities Group PLC Landsec results for the year ended 31 March 2022 (7450L)
17 Maggio 2022 - 4:34PM
UK Regulatory
TIDMLAND
RNS Number : 7450L
Land Securities Group PLC
17 May 2022
17 May 2022
LAND SECURITIES GROUP PLC ("Landsec")
Results for the year ended 31 March 2022
Landsec delivers strong operational and financial performance
and clear strategic progress
Mark Allan, Chief Executive of Landsec, commented:
"Landsec has delivered strong operational and financial results
despite the turbulence within the UK economy. The actions we have
taken, driven by our strategic focus on three distinct areas have
resulted in record leasing in our London office portfolio, a return
to growth in our major retail destinations and clear, substantive
progress in growing our mixed-use urban neighbourhood portfolio. We
continue to recycle capital out of mature assets, whilst our
pipeline now offers the opportunity to invest GBP3bn in sustainable
London offices and mixed-use development over the next five years
at attractive returns.
Landsec is in a strong position, financially and operationally,
and we expect delivering on our strategy to drive material growth
in income and, on average, a mid to high single digit annual return
on equity over time.
This position affords us many opportunities, not least the
ability to lead change, which is why today we have raised the bar
for ourselves and our industry by setting out ambitious targets to
reduce embodied carbon through development as well as clear plans
to enhance social mobility both in our industry and through the
places where we invest.
With the expertise we have within the business and the momentum
built, I am confident that we are on the right path and will be
able to navigate the wider macro uncertainties facing the economy
today."
Please click on the associated PDF to view the full
announcement:
http://www.rns-pdf.londonstockexchange.com/rns/7450L_1-2022-5-17.pdf
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