Landsec swings to profit on record leasing in London

– Land Securities reported a swing to annual revenue on Tuesday, pushed by document leasing in its London places of work and a return to progress in main retail locations.

Britain’s prime business property landlord stated its revenue earlier than tax for the 12 months ended March 31 was 875 million kilos ($1.08 billion), in contrast with a pretax lack of 1.39 billion kilos a 12 months earlier.

($1 = 0.8082 kilos)

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