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Landsec swings to pre-tax loss after valuation hit

The FTSE 100 generalist property developer is a symbol of the British property industry – which is not a great thing right now
November 15, 2022
  • Company posts £192mn pre-tax loss
  • Strategy to sell £4bn of assets
IC TIP: Hold

Landsec (LAND) is a bellwether for the UK commercial property market. The real estate investment trust (Reit) is one of only a handful of listed property companies in the FTSE 100 and one of only two – the other being its main rival British Land (BLND) – to hold a diversified portfolio of assets rather than specialising in one kind of property.

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