Land Securities Sells Assets at Profit as Prices Fall

The sales in the three months ended Dec. 31 reaped 5.6 percent more than the commercial properties' estimated value at the start of the quarter, the London-based company said in a statement today. Land Securities, the world's fourth-largest real estate investment trust, has already leased 93 percent of the 241,700 square meters (2.6 million square feet) of development space due for completion in fiscal 2008.