Welcome to London & Associated Properties

 "The economic environment continues to be challenging. Against this background, we are pleased to report on another period of satisfactory progress for LAP. The quality of our portfolio, particularly our key shopping centres, when combined with our strategic management expertise has protected us from the worst of the property recession.

We are also pleased that operating profit after financing charges has shown a major turnaround to a profit of £0.884 million for the 12 months to 31 December 2011 from a loss of £0.812 million in 2010. We expect this trend to continue. We have sustained our rental income at £15.4 million (2010: £15.6 million) on investment properties we still hold.

As at 31 December 2011, our directly owned portfolio of shopping centres and other retail properties was independently valued at £194 million (2010: £195 million). This followed the sale of Phelps Cottage in Islington during 2011 for £0.9 million (against a book value of £0.6 million). Over the years we have always managed our assets intensively and disposed of them when they are deemed to have reached maturity.

During 2011, we obtained vacant possession of a unit formerly let to Boots at Windsor. This has provided a major opportunity to re-configure the space and produce an increased overall rent. On a like-for-like basis, Group rental income during the year grew by 2%, after adjusting for the Boots unit under development.
... full statement

Michael Heller, Chairman.
John Heller, Chief Executive.

Interim Management Statement

18 May 2012 10:58

Interim Management Statement FOR IMMEDIATE RELEASE 18 May 2012 ...details

2011 results announced today

Final results for the year ending 31 December 2011 are available now both on this website and as a download

warning to shareholders

The FSA have recently issued a warning to shareholders regarding boiler room scans. Click here for details.

notice

The directors of London & Associated Properties PLC are responsible for the maintenance and integrity of the corporate and financial information relating to the group which is included in this website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.