# Landsec to host tour of its development opportunities in Southwark at 3pm today

- Link: https://www.directorstalkinterviews.com/landsec-to-host-tour-of-its-development-opportunities-in-southwark-at-3pm-today/4121083217
- Published: 2022-09-21T08:31:21+01:00
- Author: Amilia Stone

**[Land Securities Group PLC](https://www.directorstalkinterviews.com/ftse-company/land-securities-group/land.l)**(
LON:LAND) (“Landsec”) will host a tour of its development opportunities in Southwark
at 3pm today. During the event, the Company will provide the following operational
and development update on its Central London portfolio, a key pillar of the Company’s
growth strategy:

**Operational momentum continues within the Central London portfolio**

–      £20.8m of rent signed or in solicitors’ hands since 1 April 2022, on average
4% ahead of March 2022 ERV

–      Office occupancy now 95.5% compared with 95.3% at 31 March 2022

**Continued interest in our committed developments**

–      Further leasing progress with £5.9m of lettings in solicitors’ hands 10% 
ahead of ERV

–      Four committed development schemes now 63% pre-let or in solicitors’ hands(
May 2022: 56%)

Landsec’s tour of Southwark will aim to give investors a comprehensive overview 
of what is a growing part of London. Landsec has four existing or potential developments
in Southwark – Timber Square, The Forge, Liberty of Southwark and Red Lion Court–
together forming a 1 million sq ft green office cluster in the heart of Central 
London.

> **Mark Allan, Land Securities Group Chief Executive, said**: “Operational momentum
> within our Central London portfolio and healthy interest in our committed developments
> support our confidence in the outlook for the central London office market, even
> in the face of what is a challenging economic and geopolitical environment. Southwark
> is an area of London with strong growth potential and will be a great home for
> the 1 million square foot green office cluster that we’re developing. We’re very
> much looking forward to hosting investors on a tour of the area later today.”

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