Salway to hand back the keys at Land Securities
The Francis Salway era at property firm Land Securities is set to come to a close at the end of March as the Chief Executive Officer hands over to Robert Noel, currently Managing Director of the London Portfolio.
The Francis Salway era at property firm Land Securities is set to come to a close at the end of March as the Chief Executive Officer hands over to Robert Noel, currently Managing Director of the London Portfolio.
The news was revealed in a statement accompanying the group's third quarter interim management statement covering the final three months of 2011.
Total property sales in the quarter were £104.0m (net receipts) at 1.9% below March 2011 valuation and at an average yield of 7.6%.
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Total investment in the quarter totalled £89.1m, including capital expenditure on developments of £51.1m and acquisitions of £11.1m. The acquisitions were at an average yield of 1.4%.
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