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Landsec to highlight major retail growth potential at Capital Markets event
['Amilia Stone']
News – DirectorsTalk Interviews
Landsec to highlight major retail growth potential at Capital Markets eventLand Securities Group Plc (LON:LAND), Landsec, will host a capital markets events at Liverpool ONE today, where it will provide an update on current trading and share further insight into how the attractive growth across its major retail platform is expected to contribute to the Company’s EPS growth, both in the short and for the longer term.
Continued strength in operational performanceSince its FY results in May, Landsec has seen good momentum on its primary financial objective of delivering sustainable income and EPS growth.
This is underpinned by the ongoing strength in occupational demand across its high-quality central London and major retail portfolios, as the focus from customers on the best quality space remains unabated.
This has been particularly pronounced in major retail, where leases signed and in solicitor’s hands for the year to date are on average 12% above ERV.
Having sold £295m of offices well ahead of schedule, Landsec intends to accelerate further capital recycling over the next 12-18 months, to reinvest in major retail.
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