Land Securities and British Land are to say that property values began to rise again in the third quarter, confirming that a recovery in the market is feeding through to the books of the large real estate investment trusts.
The tail end of the slump in the second quarter is expected to weigh on overall half-year results, however. Harm Meijer, analyst at JPMorgan, said that positive revaluations had started but added that more significant increases would have to wait until the next quarter.
The company’s statement is expected to focus on its development programme. Land Securities stated its intention to develop two schemes in London’s West End in its last set of results.
Tuesday, 17 November 2009
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment