Landsec to fund housing development drive with £2bn office sell-off

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Source: Shutterstock

Real estate giant has three schemes in the pipeline to deliver 6,000 homes as it reports profit growth

Landsec is planning major sales of its office portfolio to fund a pivot toward residential, which it believes will offer higher structural growth and lower volatility.

The FTSE100 landlord plans to establish a £2bn+ residential platform by 2030, according to its latest results.

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