REG - Land Sec. Group PLC - Capital Markets Day

Land SecuritiesAnnouncement

09/02/2022 07:00

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RNS Number : 0758B  Land Securities Group PLC  09 February 2022

Land Securities Group PLC ("Landsec")

 

9 February 2022

 
Capital Markets Day - Manchester

 

Landsec will today host a Capital Markets Day (CMD) in Manchester, focused on
mixed-use urban neighbourhoods as a key pillar of the company's growth
strategy.

 

The day will consist of presentations and asset tours. Landsec will cover
progress on its mixed-use urban neighbourhoods strategic priority where it has
announced a recent investment in MediaCity and the acquisition of U and I
Group PLC.

 

Landsec plans to invest circa £1.5bn of capital expenditure on its mixed-use
urban neighbourhoods pipeline over the next five years, delivering an expected
circa 20% profit on total development cost, in addition to a planned
investment of circa £1.3bn in its London office pipeline. It expects to start
construction of the first building at Mayfield later this year and MediaCity
phase 2 in 2023. The CMD will include tours of both of these assets.

 

The CMD will not include a trading update. The presentation slides will be
available on the corporate website from 11:30am GMT and an audiocast of the
presentation will be available on Thursday 10 February.

 

Landsec will host a CMD later this year focused on ESG. Further details will
follow shortly.

 

Ends

 

About Landsec

 

At Landsec, we build and invest in buildings, spaces and partnerships to
create sustainable places, connect communities and realise potential.  We are
one of the largest real estate companies in Europe, with a £11 billion
portfolio of retail, leisure, workspace and residential hubs. Landsec is
shaping a better future by leading our industry on environmental and social
sustainability while delivering value for our shareholders, great experiences
for our guests and positive change for our communities.

 

Find out more at landsec.com

 

 Please contact:
 Press                     Investors
 Sara Doggett              Ed Thacker
 +44 (0) 7834 431258       +44 (0) 20 7024 5185
 sara.doggett@landsec.com  edward.thacker@landsec.com

 

 

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