Land Securities said it had sold a building on London’s Strand to Singapore-based Sinarmas Land for £195m.
The deal represents a net initial yield of 4.2%, the company said on Thursday, adding that the deal is expected to complete later in June.
LandSec said the disposal was in line with its strategy to “accelerate growth through recycling capital into higher return opportunities”.
(Sharecast News) - Ladbrokes owner Entain rallied on Wednesday as it announced the appointment of Eminence Capital founder Ricky Sandler as a non-executive director with immediate effect. Sandler is the founder, chief executive and chief investment officer of Eminence...
(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...
(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...
Subscribe to our mailing list to receive regular updates!
