Land Securities Group PLC Operational update and tour of Southwark (0593A)
21 Settembre 2022 - 8:02AM
UK Regulatory
TIDMLAND
RNS Number : 0593A
Land Securities Group PLC
21 September 2022
21 September 2022
Land Securities Group PLC ("Landsec")
Landsec operational update and tour of Southwark
Landsec ("the Company") will host a tour of its development
opportunities in Southwark at 3pm today. During the event, the
Company will provide the following operational and development
update on its Central London portfolio, a key pillar of the
Company's growth strategy:
Operational momentum continues within the Central London
portfolio
- GBP20.8m of rent signed or in solicitors' hands since 1 April
2022, on average 4% ahead of March 2022 ERV
- Office occupancy now 95.5% compared with 95.3% at 31 March 2022
Continued interest in our committed developments
- Further leasing progress with GBP5.9m of lettings in solicitors' hands 10% ahead of ERV
- Four committed development schemes now 63% pre-let or in solicitors' hands (May 2022: 56%)
Landsec's tour of Southwark will aim to give investors a
comprehensive overview of what is a growing part of London. Landsec
has four existing or potential developments in Southwark - Timber
Square, The Forge, Liberty of Southwark and Red Lion Court -
together forming a 1 million sq ft green office cluster in the
heart of Central London.
Mark Allan, Chief Executive, said: "Operational momentum within
our Central London portfolio and healthy interest in our committed
developments support our confidence in the outlook for the central
London office market, even in the face of what is a challenging
economic and geopolitical environment. Southwark is an area of
London with strong growth potential and will be a great home for
the 1 million square foot green office cluster that we're
developing. We're very much looking forward to hosting investors on
a tour of the area later today."
Ends
Please contact:
Press Investors
Sara Doggett Ed Thacker
+44 (0) 7834 431 258 +44 (0) 20 7024 5185
sara.doggett@landsec.com edward.thacker@landsec.com
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END
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