Land Securities releases statement regarding success.
Property developer sees encouraging statistics for London office space properties.
Land Securities has announced through its quarter interim management statement that it is making steady progress and is expecting consistent leases across London in the foreseeable future. The property letting agent has a range of developments across the UK capital as well as an impressive property portfolio.
Most recently the company sold the commercial property at 110 Cannon Street, EC4. The deal was struck almost instantly following the start of construction thanks to the location and quality of the plans. The company also has a diverse range of developments underway in London including the demolition and construction taking place at 30 Old Bailey.
Speaking of the company’s recent levels of success Fracis Salway, chief executive of Land Securities said: “While the quarter has seen a period of uncertainty in the wider economy, our activities show that our plan continues to deliver opportunities for value creation. We entered the financial year with a clear plan, and the letting and sales activity we have undertaken in the first quarter underpins our confidence in this plan.”
One of the firm’s most high profile developments is the ongoing construction of 20 Fenchurch Street which is due to be completed sometime around April 2014. Land Securities is also currently working on plans for Kingsgate House where it aims to create 341,000 square feet of retail, residential and office space within the Victoria area.