Land Securities Share Discussion Threads

[pillion] 25/10/2009 10:22

Lack of London offices for sale fuels price recovery

There are almost 80pc fewer offices for sale in Central London than a year ago, highlighting the lack of supply that is underpinning the recovery in commercial property values.


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[marlonbrando] 23/10/2009 13:14

Good afternoon Gentlemen! Just a quick meander through to say Hello!

[pillion] 23/10/2009 11:02

Lloyds property bosses leave as bank calls in Land Securities

[pillion] 21/10/2009 22:45

Anthony Bolton: this bull market is not over !!



.............Financials such as banks, property and insurance remain his top picks

[pillion] 13/10/2009 23:14

So..... is Trevor calling the bottom ?

[ydderf] 13/10/2009 19:34

Beautifully put, where are all the jouranlists with bite nowadays?

[yoyoy] 09/10/2009 17:30

6mos due on the 18th Nov. What can we realisticly expect.

SD - thats rents up to £45. I would expect that as its a buyersmarket that there has been a good deal of rent holidays build in.

[pillion] 26/9/2009 09:35

Good find Dave

[scruffydave] 25/9/2009 20:44

more good news?

[scruffydave] 22/9/2009 22:48

Australian investment fund pays £200m for 1/3 of Birmingham's Bullring

Sep 21 2009 by Alun Thorne, Birmingham Post
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An Australian investment fund has paid around £200million for a 33 per cent stake in the Bullring in a remarkable show of confidence in the city's retail sector.

The Australian government-backed Future Fund has acquired the stake in the iconic 1.2 m sq ft shopping centre from Land Securities – one of the original members of the Birmingham Alliance that started redeveloping the centre almost a decade ago.

The deal, brokered by CB Richard Ellis' Retail Capital Markets team for the Australians and Cushman & Wakefield for Land Securities, is one of the largest retail investment transactions in the UK this year and one of the biggest commercial investments ever in Birmingham.

Bruce Nutman, head of retail capital markets at CB Richard Ellis, said: "This sale is a strong indicator of investor confidence in the prime shopping centre investment market in the UK.

''The Bullring is a modern, world-class, retail destination and the purchase reflects a net return of about seven per cent."

Future Fund was established by the Australian Government in 2006 to strengthen its long-term position by investing assets to offset the government's public sector superannuation liabilities. The fund has been tasked with investing $A63.4bn (£31.8bn) and it is believed that Land Securities originally walked away from a £200m offer made last month, but returned to the table following a pick-up in lettings at the centre and a general improvement in the commercial property market.

Land Securities put its stake in the centre up for sale in April 2008. It developed the scheme in 2003 with its partners in the Birmingham Alliance, Hammerson and Henderson Global Investors. In May this year, plunging property values saw Land Securities post a bottom-line pre-tax loss of £4.8bn but flickers of life in the sector and a stabilising of values has seen the company become more optimistic in recent months.

But while Land Securities has completed the sale of its share of the Bullring, Hammerson has spoken of the importance of the Bullring to its retail portfolio. Despite posting pre-tax losses of more than £800m earlier this year, Hammerson managing director and soon-to-be chief executive David Atkins described the centre as "the best performing asset in our portfolio".

The acquisition of the stake in the Bullring is the latest in a flurry of significant commercial property investment activity in Birmingham. Three prime buildings on the award-winning Brindleyplace estate are currently under offer to a group of investors led by Tritax Securities LLP for around £100m and Ballymore is expected to begin marketing One Snowhill in an attempt to raise a similar figure to complete the next two phases of the troubled scheme.

[pillion] 22/9/2009 22:12

LONDON -(Dow Jones)- Land Securities Group PLC (LAND.LN), the U.K.'s largest real-estate investment trust, Tuesday said it was repaying GBP1.5 billion of its debt ahead of schedule and that it would repay other facilities before the end of the year.

[pillion] 07/9/2009 14:31

Land Ahoy!!


free stock charts from www.advfn.com

[pillion] 01/9/2009 22:27

Rupert and the Cadillac

[shammytime] 27/8/2009 10:00

Gap down to 612 then should see a return to 630 by close today.

[pillion] 24/8/2009 10:29

Bought in this morning

Long term chart looks positive

[tofur] 22/8/2009 01:42

£7+ on ccard it looks like.

[shammytime] 17/8/2009 11:02

Nice little gap needs filling here :-)

[greenwight] 16/8/2009 11:30

Does LAND Securities accurately reflect the price of LAND which always seems to be increasing, even when LAND Security shares have fallen in value.
Last year LAND Sec was in the £9/share bracket and now....
Has actual land prices also fallen???

[frankiestheone] 16/8/2009 08:18

exactly...CP

[cockneyrebel] 15/8/2009 21:33

A bid from British land will boost LAND imo.

Good Article here:



Should see both rally sharply on Monday - reckon the directors had a sniff that the bid activity was in the air at British Land, hence their buying shares last week.

CR

[shammytime] 14/8/2009 12:17

Good move today - that drop was simply tracking the ftse. I'd expect astrong afternoon - finish of 660-665 would be my guess...

[careful] 14/8/2009 08:28

asian groups targeting british land.
should give land sec a boost.