Landsec, a British property firm, reports a £243M profit, reversing last year's £193M loss due to higher office occupancy.

Landsec, a major British property developer, reported a £243 million pre-tax profit for the first half of 2024, a significant turnaround from a £193 million loss in the same period last year. The improvement is attributed to higher office occupancy rates and a rebound in rental income in central London. The company's property portfolio value has also returned to growth, with plans for new residential developments in several locations.

November 15, 2024
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