Land Securities - Annual Results Interview with CEO and CFO
LONDON, May 16, 2012 /PRNewswire/ --
Land Securities, the UK's largest commercial property company, today announced its annual 2011/12 results saying a strong balance sheet meant it was set to deliver further earnings growth and capitalise on new opportunities.
In his first set of results since taking over the helm, CEO Rob Noel said in a video interview that despite the general economic uncertainty, the group had made good progress and would remain focused on its two core markets - Retail and London.
"Our teams have been working to a clear plan. We've got interest in our developments. The asset management teams are strengthening income, they're reducing voids and we've made some good sales. So all this has strengthened our balance sheet and it gives us the power and flexibility to carry out our plans."
Group CFO Martin Greenslade said a rise in the year-end dividend of 2.8% reflected a projected fall in revenue next year due to sales the group had made plus its development pipeline, all of which, he added, would further strengthen the company's balance sheet and provide it with the "power and flexibility" to carry out its plans.
The full interview including transcript is available now on http://www.cantos.com/company/Land%20Securities.
MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email prnsupport@merchantcantos.com or phone +44-207-936-1352.
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