LONDON, November 12, 2013 /PRNewswire/ --
Land Securities, the UK's largest REIT by capitilisation, reported half-year results with revenue up 8.9% to £156.5m for the period and adjusted earnings 8.2% ahead at 19.9p.
In a video interview, CEO Robert Noel said the commercial property group had delivered a strong first half.
"We're letting more space. Voids and administrations are down, so that's good news... Business confidence bodes well for our development programme. I think, though, the consumer remains under pressure and we need to keep an eye on that."
Noel described Land Securities as "a business in full delivery mode" with lots of activity around committed schemes, proposed schemes and around letting activity, in particular.
The video interview and transcript are available now on http://video.merchantcantos.com.
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SOURCE Land Securities