Company, which also owns Trinity Leeds shopping centre, says central London recovery might be slow
Landsec, one of Britain’s biggest property companies, has warned of a slow recovery in visitors to central London and a sharp increase in retailer insolvencies at its shopping centres once government support ends, as its full-year loss widened to £1.4bn.
The company, which owns the Trinity Leeds shopping centre and Bluewater in Kent, said its rental income fell by 30% in the year to 31 March. This pushed its loss before tax up to £1.4bn, from £837m in the previous year.
