好色先生TV

Land Securities chairman Alison Carnworth believes some of Britain鈥檚 high streets 鈥渕ay never recover鈥�, as the developer posted a 58% drop in profit for the year ended 31 March 2012.

Carnworth said the negative impact of the recession on consumer spending could have an irreversibly negative effect on 鈥渃ertain high streets and tertiary [retail] locations鈥�.

The developer added concerns over the UK and eurozone economies had 鈥渨eighed鈥� on performance of both the UK retail and commercial sectors, as its profit fell to 拢515.7m from 拢1.2bn the year before.

Eurozone uncertainty had also led to 鈥渓ower demand than expected for office space鈥� in London, the developer said.

But Land Securities chief executive Robert Noel, who replaced former boss Francis Salway last month, said the developer was confident its strategy of pushing ahead with London schemes ahead of its competitors would come good.

Noel said particularly low levels of development in the capital 鈥� coupled with a high number of lease expiries due from 2013 鈥� would lead to 鈥渟upply-constrained conditions鈥�.

He said: 鈥淒ue to subdued business confidence, these conditions are taking longer to appear than first thought, but once here they should continue for longer.鈥�

Land Securities is currently constructing a number of office developments in London, including the 38-storey 20 Fenchurch Street tower, dubbed the 鈥淲alkie Talkie鈥�, with joint venture partner Canary Wharf Group.

Reports this week suggest Land Securities is close to signing up its first tenant for the building, which is currently the largest speculative London office scheme under construction.

The developer has continued to make progress in securing tenants for its largest under-construction shopping centre 鈥� the 拢350m Trinity Leeds scheme 鈥� which is now 77% pre-let.

Noel said: 鈥淭he outlook remains uncertain but we will continue to use the competitive advantage offered by our financial resources to deliver on our plans and exploit opportunities as they arise.鈥�