Land Securities up on FTSE 100 following Harrow plans
Residential and commercial property company Land Securities has climbed up the FTSE 100 this morning (January 5th).

The organisation had risen by 1.27 per cent on London's premier stock index as of 08:11 GMT on yesterday's close.

It comes after Land Securities submitted plans for a mixed-use development in Harrow at the Kodak Site.

New houses, apartments, retail space and industrial units are part of the proposals put forward to Harrow Council.

Kodak has operated on the site in Harrow View for more than 120 years and is planning to scale down operations and relocate to a smaller base.

Speaking to the Harrow Observer about the new residential units and outer London offices, development director at Land Securities Stephen Neal said:  "We're talking about a whole new area of Harrow. The assumption is it will take around ten years from start to finish.

"The phasing depends on the market and how much demand there is for housing and offices."

British Land also increased its standing on the FTSE 100, lifting by 0.75 per cent as of 08:19 GMT.

Posted by David Hudek

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