Landsec owns, among other things, Piccadilly Lights
(Picture: Ocean Outdoor)The value of Landsec’s City of Londonoffices fell almost 10% in the last six months in a sign that rising interest rates are beginning to hit commercial property values.
The landlord reported that the overall value of its assets per share, a common measure used by property companies to gauge performance, fell 5% to £10.10 in the six months to September.
