Landsec swings to profit on record leasing in London

(Reuters) – Land Securities reported a swing to annual profit on Tuesday, driven by record leasing in its London offices and a return to growth in major retail destinations.

Britain’s top commercial property landlord said its profit before tax for the year ended March 31 was 875 million pounds ($1.08 billion), compared with a pretax loss of 1.39 billion pounds a year earlier.

($1 = 0.8082 pounds)


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