Values have been down 10-28% in the UK in FY 19 (retail). We now explore the impact of the crisis on Offices in the City of London, where prices have been stable until now. It contributed to the Land Securities’ resistance until now and it fully explained the peristence of a low 32% LTV ratio in FY 19.
14 May 2020
We stay doubtful about Office prices in the City of London
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
We stay doubtful about Office prices in the City of London
Land Securities Group PLC (LAND:LON) | 647 42.1 1.0% | Mkt Cap: 4,821m
- Published:
14 May 2020 -
Author:
Christian Auzanneau -
Pages:
4
Values have been down 10-28% in the UK in FY 19 (retail). We now explore the impact of the crisis on Offices in the City of London, where prices have been stable until now. It contributed to the Land Securities’ resistance until now and it fully explained the peristence of a low 32% LTV ratio in FY 19.