Tag : Land Securities
Landsec swings into a lossSubscription
Landsec, owner of shopping centres including Trinity Leeds and Portsmouth’s Gunwharf Quays, has announced a loss before tax of £147m for the six months to 30 September 2019.
Property firm Land Securities, which owns shopping centres Bluewater (Kent), Trinity Leeds and Gunwharf Quays (Portsmouth), is believed to be selling its 95% share of leisure company X-Leisure Unit Trust.
Losses almost treble for Bluewater ownerSubscription
Losses at property giant Landsec almost trebled for the year to 31 March, and it predicts “no near-term improvement in retail market conditions, with CVA activity set to continue”.