Landsec swings to first-half loss after retail property values plunge November 12, 2019 Landsec swung to a pre-tax loss in the first half of the year after the value of its retail and leisure assets suffered in an increasingly challenging market for tenants. The figures The company reported a pre-tax loss of £147m, compared to a profit of £42m the previous year, resulting in a loss per share [...]
Property giant Land Securities eyes £650m sale to fund real estate expansion October 13, 2019 Property giant Land Securities is reportedly close to selling a £650m stake in a leisure portfolio to private equity property investor CIT Partners. Land Securities is understood to have agreed to sell its 95 per cent share of the X-Leisure Unit Trust – which is behind developments including Xscape Milton Keynes and Brighton Marina – [...]
Landsec chief executive Robert Noel to retire July 11, 2019 Landsec chief executive Robert Noel is set to step down next year, the property giant announced today. Noel will retire after ten years at the firm and eight in the chief executive role after he joined Landsec as managing director of the London portfolio in 2010. Read more: Landsec: A tale of two portfolios He [...]
Walkie Talkie owners face fresh woes over Sky Garden July 30, 2015 First there was the little problem of the Walkie Talkie dazzling passers-by and melting cars. Then there was the bad hair day it brought to City workers. Read more: Walkie Talkie Sky Garden: How to book a visit to the stunning public park with views across London Now, in another spate of bad luck, it seems [...]
Walkie Talkie prompts City clampdown on wind tunnels as skyscrapers transform London July 13, 2015 Complaints over powerful gusts of wind around the base of the Walkie Talkie skyscraper in the City have prompted planners to demand property developers seek a second opinion over their wind reports. Wind tunnels have become a more frequent problem as an apparent result of skyscrapers going up in the capital. The City of London [...]
Walkie Talkie to smash City office records as top floor goes under offer June 18, 2015 The top floor of the City's towering 20 Fenchurch Street – nicknamed the Walkie Talkie – is believed to have smashed new rental records, after it went under offer to a mystery firm, City A.M. can reveal. Read more: A storey-by-storey breakdown of everything in the Shard The highest rent achieved in the [...]
Oxford Street property deals set to reach £1bn by end of this year June 17, 2015 The revamp of the eastern end of Oxford Street and the imminent arrival of Crossrail has sparked a flurry of property deals this year, with investors flocking to get a slice of London’s busiest shopping street. According to CBRE, seven record-breaking transactions totalling £645m have taken place since January, of which five were undertaken off-market. [...]
Land Securities share price rises as property developer hikes dividend amid lettings boom May 19, 2015 Shares in Land Securities rose almost three per cent yesterday, after the property developer hiked its dividend by 3.7 per cent, saying a boom in demand for commercial property had boosted its net asset value. The FTSE 100 company, which jointly owns the Walkie Talkie skyscraper in the City with Canary Wharf Group, said [...]
Blackstone buys Land Securities’ Times Square London office development in £268m deal March 24, 2015 Private equity group Blackstone has snapped up Times Square for £268m – although it's bought a new office development in the City, rather than the more famous New York landmark. Property giant Land Securities will retain a five per cent stake in the 380,000 sq ft building near Blackfriars Station, which has Bank of New York [...]
Land Securities buys Moorgate site for £16.5m ahead of Crossrail launch February 16, 2015 Land Securities has bought the leasehold of a 1.9 acre site near Liverpool Street for £16.5m, paving the way for a huge regeneration ahead of the launch of Crossrail. Land Securities took out a three-year option to buy 21 Moorfields in 2012. Its previous owners had collapsed in 2010 and EY had been acting as [...]