Land Securities Group
From Wikipedia, the free encyclopedia
| Land Securities plc | |
 |
|
| Type of Company | Public |
|---|---|
| Founded | 1944 |
| Headquarters | London, United Kingdom |
| Key people | Peter Birch (Chairman) Francis Salway, (CEO) Mark Collins (COO) |
| Industry | Property |
| Products | Property Development, |
| Revenue | 1.8billion GBP (year to 31/3/06) |
| Net income | 1.5billion GBP PAT (year to 31/3/06) |
| Website | landsecurities.co.uk |
Land Securities Group plc is the largest property company in Europe and the leading British property development and investment company headquartered in central London. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The Group traces its origins to 1944, when its founder Harold Samuel purchased Land Securities Investment Trust Limited, which owned three houses in Kensington and some government stock. Further acquisitions followed shortly afterwards and from 1947 the company concentrated on commercial property. In the early days some non-UK investments were acquired, but in 1971 these were sold off and the company has concentrated solely on the UK market since then. In 1974 the value of the Group's .
Land Securities' core investments are office buildings, primarily in central London, and in retail property, which is more widely spread across the UK. The LS Group also contains the property outsourcing business Land Securities Trillium.
Group turnover for the year to 31 March 2005 was £1.865 billion. There was a net loss for the year of £35.5 million after exceptional items.
