Land Securities - Preliminary Results 2010

LONDON, May 19, 2010 /PRNewswire-FirstCall/ -- Land Securities reported a 16.5 per cent increase in net asset value per share following a sharp recovery in the second half of the year.

Speaking to financial broadcaster Cantos, CEO Francis Salway said its Retail portfolio had out-performed the IPD index, although London offices underperformed the market.

"Our London offices did under-perform slightly but that was very much down to our pre-development sites. It's those development sites which are the source of future out-performance as rental values come back."

Salway said Land Securities has an unrivalled pipeline of potential projects in London and believes property values will grow over the next five years.

The interview and transcript are available now on http://www.cantos.com.

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