Q1 IMS, Trinity Leeds go ahead and non-exec director appointment

First quarter Interim Management Statement

In the first quarter Land Securities maintained momentum against its priorities. There was good progress on lettings, success in selling properties into the areas of strongest investor demand, improvements to debt facilities from further treasury initiatives, progress on its London development pipeline and a start announced for the first large retail development in recent times at Trinity Leeds.

Francis Salway, Chief Executive, will host a conference call today at 08:30 BST - dial in details are as follows:

Dial in number - +44 (0) 1452 569 335

Call title: Land Securities Q1 IMS

Conference ID: 87399379

To read the full Q1 IMS announcement please click here

Trinity Leeds development given go ahead for summer start

Land Securities announced today that it will be adding to its development programme with the start of its Trinity Leeds development, in Leeds city centre. The c.1,000,000 sq ft scheme is the first major retail-led development in the UK to get the go ahead in recent times.

The development is already some 47% pre-let or in solicitors hands bringing together the best of the UK high street, premier brands and international retailers. The development has attracted new flagship stores for TopShop/TopMan, H&M, River Island and Next and secured new brands for the city with Hollister and Cult. The new retailers will join the existing major stores of Marks & Spencer, Bhs and Boots, creating one of the strongest retail offers in a regional UK city when it opens in Spring 2013.

To read this Press Release in full please click here



Simon Palley joins Board as Non-executive director

Land Securities has today announced that Simon Palley (52) will join the Board as a non-executive director on 1 August 2010.

Simon has a successful and broad randing career in investment banking, consukting and private equity, rising to be Managing Director at BC Partners, one of the leading private equity firms in Europe.

To read this Press Release in full please click here

source : Land Securities