Britain's largest listed property developer expects London office rents to rise more slowly

Bengaluru

LAND Securities Group Plc, Britain's largest listed property developer, expects London office rents to rise, albeit at a slower rate than the last two years, its chief executive said, as the amount of empty space across the capital increases.

The property firm does not intend to build speculatively as occupier demand is not rising fast enough to match the huge amount of new space coming onto the market, chief executive Robert Noel told Reuters.