Developer reports higher demand
The builder of London’s “Walkie Talkie” skyscraper said adjusted net asset value - a key measure for developers - was 1,129 pence for the first half ended September 30. The company posted an adjusted NAV of 937 pence a year earlier. From the second half of last year, the adjusted NAV grew 11.5 percent, the company said.
“Extraordinary events aside, we do not expect to see a correction in the balance between supply and demand in London as we deliver our committed speculative schemes,” chief executive Robert Noel said in a statement.
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Hide AdLand Securities is the company behind Trinity Leeds, the landmark £350m shopping centre. Earlier this year, Trinity Leeds reported a strong boost to trading from the city’s hosting of The Grand Depart of the Tour de France.