Land Securities - CEO and FD Interviewed on Preliminary Results

LONDON - Land Securities, the UK commercial property group, today announced prelminary results for the year ended 31 March 2009.

In a video interview Land Securities Group Chief Executive Francis Salway said:

“We recognise that this has been the year when there’s been the sharpest falls in value on record for UK commercial property, and we’ve not been immune to that. And because valuation change now flows through to our pre-tax profit or loss, that has resulted in us announcing a substantial loss.”

Following the sale of Trillium, he said the company was now “focused on two best-in-class businesses covering London offices and Retail”, which enjoyed unrivalled occupier relationships. He also underlined that the demerger plan was off the agenda.

Martin Greenslade, Group Finance Director, talks about actions taken to protect the balance sheet including disposals, bank facilities and the rights offering earlier this year.

The interview and transcript are available now on w3.cantos.com/land_securities.

It’s free to view. All you need to do is register at www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44(0)207-936-1333.

Source: Land Securities Group plc

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