Summary
LAND Securities, the property giant behind some of the UK's biggest shopping centres, yesterday unveiled a pre-tax loss of GBP 4.77 billion and admitted the value of its portfolio had tumbled by almost GBP 5bn.
The deficit, for the year to the end of March, is almost five times bigger than the previous year's GBP 988m loss, while the firm's investment portfolio is now valued at GBP 7.93bn.See the full content of this document
Extract
Landsec Hit by Gbp 5bn Fall in Value of Properties
The firm, which is behind 27 malls across the UK, including The Centre in Livingston and Glasgow's Buchanan Galleries,...
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