... and a new train of thought materialises for Land Securities in Victoria

摘要

Land Securities has more of an interest than most in government property rationalisation. Almost 20% of the REIT's portfolio is land and developments it owns in Victoria, where around 50% of the occupiers are government related. The Metropolitan Police, for example, vacated a building it occupied at Wellington House on Buckingham Palace Road in Victoria in 2008. n January last year LandSecs began to convert he vacant property into a residential scheme. Colette O'Shea, development director of the London portfolio at LandSecs, says lease breaks will be a key factor in Victoria.