Land Securities - Interim Results Interview with CEO and CFO

LONDON, November 11, 2010 /PRNewswire-FirstCall/ -- Land Securities, the largest property company in the UK, reported a 6.7 per cent increase in NAV, with revenue profits up 5.8 per cent to GBP 135.9m.

In an interview broadcast on http://www.cantos.com, Francis Salway, CEO, said that, having invested a lot of capital in the last six months, the "stand-out" figure for him was the 9.6 per cent increase in the assets in the company's development programme.

Across the whole of the portfolio, rental values were up 1.1 per cent - the first time for many months - which he described as an "important turning point".

He said the company was well positioned, whatever the current economic climate might bring.

"I think we've got a plan that's grounded on cautious, realistic expectations on economic growth. That plan is already underway with a number of projects on site. And those projects are already delivering superior returns."

The interview and transcript are available now on http://www.cantos.com/company/Land%20Securities.

Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email [email protected] or phone +44-207-936-1352.

SOURCE Land Securities Group plc