17th May 2005 07:05
Land Securities Group Plc17 May 2005 17 May 2005 Land Securities Group PLC ("Land Securities" / "the Group") Board Appointment Land Securities Group PLC announces that it has appointed Richard Akers,Managing Director, Retail Portfolio to the Board. Richard (43) has been responsible for the management of Land Securities' Retailportfolio and 250-strong team since the restructure in 2004 and, in particular,has been focusing on improving customer service for some 2,000 retail occupiersacross the UK. The £5.3bn retail portfolio includes 21 shopping centres, 24retail parks and a £500m development programme. Previously, as the Head of Retail Portfolio Management, Richard was responsiblefor the performance of the shopping centre investment portfolio, which hasoutperformed IPD for the past four years. Together with Land Securities' new business team, Richard has been instrumentalin the latest retail transactions, including the creation of the Metro Fund andScottish Retail partnerships; the Slough property exchange; and the recentrecommended cash offer for Tops Estates Plc. Commenting on the appointment, Land Securities' Chairman, Peter Birch, said, "Richard brings to the Board a strong insight into the retail market and inparticular the needs of modern occupiers. We are delighted that he has agreedto join the Board." - Ends - For further information: Land Securities Francis Salway/Emma Denne 020 7413 9000 Financial Dynamics Stephanie Highett/Dido Laurimore 020 7831 3113 Note to Editors Land Securities is a FTSE 100 company, quoted on the London Stock Exchange. Ithas been at the forefront of the UK's commercial property industry for 60 years.Today, the Group maintains its market leading position as the UK's largestquoted property company by providing commercial accommodation and propertyservices to a wide range of occupiers. The Group's objective is to createattractive and sustainable returns for its shareholders through its activities,which include property investment, development and property outsourcing. Land Securities holds a market leading position in three areas of the UKcommercial property market: • Retail • Central London offices and • Property outsourcing. Its £8 billion investment portfolio includes more than 810,000 sq m of officespace in Central London and substantial retail holdings in Oxford Street,Tottenham Court Road and Notting Hill Gate. In addition the Group owns 18shopping centres and 25 retail parks located across the UK. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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