Business
Interim Management Statement - Correction
Interim Management Statement - Correction.
About this update from Land Securities Group Plc
[{"type":"text","content":"\n \nRNS Number : 3682Y Land Securities Group PLC 23 January 2014 \n \n\n23 January 2014\n \nLand Securities Group PLC (\"Land Securities\" / \"the Group\" / \"the Company\")\nTHIRD QUARTER INTERIM MANAGEMENT STATEMENT - CORRECTION\nThe following amendment has been made to the Third Quarter Interim Management Statement announcement released on 22 January 2014 at 07:00 under RNS No 2032Y.\n \nLand Securities' Third Quarter Interim Management Statement issued on 22 January stated that 20 Fenchurch, EC3 is 87% pre-let or in solicitors' hands. The balance of 13% represents 88,258 sq ft of space, not 42,700 sq ft as previously stated.\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \nTHIRD QUARTER INTERIM MANAGEMENT STATEMENT\nLand Securities reports continued high levels of activity across its business, and announces two new central London development starts.\n \nKey Highlights:\n \nGood progress on developments\n· £7.3m of development lettings signed since 1 October 2013 with a further £7.9m in solicitors' hands\n· 123 Victoria Street, SW1, 93% let\n· 62 Buckingham Gate, SW1, 57% let with a further 10% in solicitors' hands\n· 20 Fenchurch Street, EC3, 64% pre-let with a further 23% in solicitors' hands\n· Successful launch of Trinity Kitchen and Primark at Trinity Leeds\n· Completion of pre-let retail development at Crawley\n· Construction commenced at Taplow, 79% pre-let with a further 12% in solicitors' hands\n· £243m of new developments commenced at 1 New Street Square, EC4 and 20 Eastbourne Terrace, W2\n· Positive planning decisions at Ealing Filmworks and White Rose, Leeds\n \nImproved occupancy\n· £5.4m of investment lettings signed since 1 October 2013, with a further £5.0m of lettings in solicitors' hands\n· Voids in the like-for-like portfolio down from 2.0% at 30 September 2013 to 1.8% at 31 December 2013\n· Retail Portfolio like-for-like voids down from 3.0% at 30 September 2013 to...