BBC News - Land Securities profits up as property market recovers
Land Securities has announced a rise in full-year profits as the UK property market continues to recover.
Pre-tax profits for the year to the end of March were £1.23bn, up almost 15% on the £1.07bn the commercial property developer made a year earlier.
The company said returns on its property investments grew by 17% in the year, while rental values rose by 5%.
It said that while the market was still "in recovery mode", London presented "particularly strong growth prospects".
"We are developing schemes [in the city] to meet the anticipated under-supply of new office space, which may be even more acute than originally forecast," said chief executive Francis Salway.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment