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Last $18.99 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

land securities group plc (LSGOF) Key Developments

Land Securities Group plc Announces Company Secretary Changes

Land Securities Group plc announced that Michael Arnaouti has been appointed Group Company Secretary following the resignation of Adrian de Souza. The change is effective from April 20, 2015.

Land Securities Signs on New £1,255 Million Facility

Land Securities announced a new £1,255 million secured revolving credit facility at an initial LIBOR margin of 75 basis points with stepped margin increases dependent on utilization amounts. The facility has a term of five years which may be extended to a maximum of seven years at Land Securities' request and upon approval from each participating bank. The syndicate consists of eight Banks: Lloyds Banking Group, Santander Global Banking and Markets, Royal Bank of Scotland and HSBC Bank were Book Runners and Mandated Lead Arrangers, Citibank acted as Mandated Lead Arranger and Sabadell Bank, Bank of China and UBS were Lead Arrangers. Lloyds Banking Group also acted as Facility Agent and Co-ordinator. The facility has the option to add further lenders and discussions will continue with other interested parties. The new facility replaces the existing £1,085 million syndicated RCF. In addition to this new facility, Land Securities has retained another £985 million of existing bilateral arrangements.

Land Securities Pre-Lets 1 New Street Square to Deloitte

Land Securities has pre-let 1 New Street Square, EC4, in its entirety to Deloitte LLP, more than 12 months ahead of the development's completion. Due to complete in June 2016, Deloitte is taking 275,000 sq ft of space on a 20 year lease at 1 New Street Square, adding to the 256,000 sq ft of space it already has at the adjacent 2 and 3 New Street Square.

Land Securities Group plc Announces Interim Management Statement for the Third Quarter and Nine Months Ended December 31, 2014

Land Securities Group plc announced interim management statement for the third quarter ended December 31, 2014. For the quarter, Sales were £701.6 million. Adjusted net debt as of December 31, 2014 was £4,179 million compared to £4,623 million as of September 30, 2014. For nine months, total sales were £886.4 million.

Land Securities Group plc Presents at Citl's 2015 Global Property CEO Conference, Mar-03-2015 10:50 AM

Land Securities Group plc Presents at Citl's 2015 Global Property CEO Conference, Mar-03-2015 10:50 AM. Venue: The Diplomat Resort & Spa, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: Robert M. Noel, Chief Executive Officer, Executive Director, Chairman of Asset & Liability Committee, Chairman of Investment Committee and Member of Finance Committee.

 

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Company Last Change
Gecina SA €129.65 EUR +2.25
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Klepierre €43.73 EUR -0.36
Stockland A$4.52 AUD +0.06
British Land Co PLC/The 838.00 GBp -7.00
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Industry Analysis

LSGOF

Industry Average

Valuation LSGOF Industry Range
Price/Earnings 5.4x
Price/Sales 13.1x
Price/Book 1.0x
Price/Cash Flow 5.4x
TEV/Sales 13.1x
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