Landsec reports record London office leasing as it returns to profit

Landsec’s London properties include One New Change near St Paul’s Cathedral. Photograph: Luke MacGregor/Reuters

Land Securities has reported record office leasing in London as the lifting of Covid restrictions fuels a return of workers and a surge in demand for prime space, as the property company bounced back to profit last year.

Landsec is one of Britain’s biggest property firms and about 60% of its portfolio is in central London. It reported a pre-tax profit of £875m in the year to the end of March.