Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

LandSec sells London office block for £245m

Mon 18 Aug 2025 07:06

(Sharecast News) - Land Securities on Monday said it had exchanged contracts for the sale of its Queen Anne's Mansions office block in London to Arora Group for £245m. The disposal is part of the property firm's plan to release £2bn of capital from offices by 2030, as it focuses its portfolio on assets which can deliver sustainable income and EPS growth over the long term.

LandSec said that as the sale has been achieved much earlier than planned, the residual finance lease income on the building, which runs until December 2026, will now be received as a capital receipt in 2025 rather than as income across 2025 and 2026.

The overall amount of cash generated for Landsec is essentially the same, but this will impact EPRA earnings for FY26 by £7m and for FY27 by £15m, as a broadly equivalent sum will now be received upfront in cash as part of the sale proceeds, it added.

"EPRA earnings from FY28 onwards are essentially unaffected by the sale, with upside potential as and when proceeds are reinvested in accretive acquisitions," the company said.

Reporting by Frank Prenesti for Sharecast.com

Share this article

Related Sharecast Articles

Wed 14 Oct 2026 11:30
Jefferies upgrades Pennon to 'buy'
(Sharecast News) - Jefferies upgraded Pennon to 'buy' from 'hold' on Wednesday but cut the price target to 380p from 500p.
Wed 14 Oct 2026 10:11
Berenberg lowers target price on Oxford Instruments
(Sharecast News) - Analysts at Berenberg lowered their target price on Oxford Instruments to 2,840p from 3,000p, noting the recent strength in order intake now looks largely priced in.
Wed 14 Oct 2026 10:10
Great Portland Estates secures £19m of lettings
(Sharecast News) - Property development and investment firm Great Portland Estates said on Wednesday that it had secured £19m of lettings in the first half, with deals struck 4.1% ahead of enterprise rental value.
Wed 14 Oct 2026 09:30
Activist investor Ancora urges Big Yellow to explore a sale
(Sharecast News) - Big Yellow shares rallied on Wednesday after activist investor Ancora Holdings Group said the self-storage company should explore a sale.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Awards

Award 1
Award 2
Award 3

Policies and important information

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statements | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Statutory and Regulatory disclosures | Whistleblowing programme

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026