PROPERTY group Land Securities said it enjoyed a good third quarter of trading in an update for the market today.
The group, which sold Liverpool’s St John’s Centre for £76.5m to InfraRed Capital Partners last April, but retained the neighbouring Clayton Square shopping centre, said interest in its London and general retail portfolios remains strong.
Almost £11m of development lettings have been signed since October 1, 2012.
Chief executive Robert Noel said today: “This was a good quarter with continued momentum in development lettings and a strong operational performance across our investment portfolio.
“Encouragingly, interest levels in both our London and retail portfolios remains high.”
He added: “We have good levels of interest in all our schemes and we are confident that our strategy will continue to deliver growth for shareholders.”
Last November the group spent £93.8m in acquiring The Printworks leisure scheme in central Manchester, and it said it has completed a 10-year lease extension with DFS at its Greyhound Retail Park in Chester.
