Wed 19th May 2010, 02:34PM about graduate-jobs.com news.
Business graduates have been handed a boost after Land Securities praised a "dramatic turnaround" in the commercial property sector by reporting a move back into profit for the past year.
One of the UK's biggest commercial property firms, Land Securities revealed annual pre-tax profits of £1.07 billion for the 12 months to the end of March after its portfolio grew by over 10%. The news follows a previous loss of £4.7 billion.
Although the firm's capital values increased, rental values experienced a 6% like-for-like drop across its property portfolio in the last 12 months.
Its portfolio includes Cabot Circus in Bristol, Gunwharf Quays in Portsmouth and a number of London offices. Its One New Change office and retail scheme in central London is now 90% let, officials confirmed.
Chief executive Francis Salway said: "The year saw a dramatic turnaround in the UK commercial property market, with falling values in the first six months giving way to a rapid recovery in the second half."
| Graduate news | Date |
|---|---|
| New graduate recruitment difficulty… | 9 September 2010 |
| Prezzo posts 21% half-year rise… | 8 September 2010 |
| Employment boost hope for graduates… | 8 September 2010 |
| 'Graduate tax could spark exodus'… | 7 September 2010 |
| UK drops from graduate top four… | 7 September 2010 |
| Boost for graduate jobs market… | 6 September 2010 |
| Few new IT jobs in public sector… | 6 September 2010 |
| PwC promises new jobs for graduates… | 6 September 2010 |
| FDM doubles graduate intake to 500… | 3 September 2010 |
| Male graduates 'needed in schools'… | 3 September 2010 |