Half Year Results 

Land Securities' speculative arm all but finished

Land Securities' speculative arm all but finished

Headline losses for Land Securities (LAND) at the halfway stage reflected costs associated with the redemption of some of its bonds. Net rental income was actually nearly 2 per cent higher at £303m, which would have been higher still without taking disposals into account. These included 20 Fenchurch Street, which generated £634m (the company’s share) against a build cost of £237m.

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