More shops going under at Land Securities

Published 20th Jan 2009

Property firm Land Securities warned today that the number of its retail tenants in administration jumped to 4.8% of annual rental income in the last quarter of 2008.

Chief executive Francis Salway said no office development lettings in London were completed in the period.

Empty properties, or voids, are running at 4.6% across the portfolio.

Source: ' Evening Standard '

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