The UK’s largest REIT today said it was considering a rights issue following the lead of rivals Hammerson and British Land.
The company, which is headed by chief executive Francis Salway, said in a statement to the Stock Exchange which it issued in response to recent press speculation, that it was considering launching a rights issue this week.
It said: ‘Land Securities Group notes the recent press coverage in relation to a possible equity capital raising.
'The board confirms that discussions have been held to consider the merits of a rights issue and any decisions will be communicated to shareholders through the proper channels at the proper time.’
Hammerson was first to the cash trough, raising £584.2m from a deeply-discounted rights issue last week.