Page 6: Conclusion
The Chairman, in his 2005 Annual Report, stated that in the past financial year performance had been outstanding with a higher level of growth than usual. The company predicts sustained demand from investors for commercial property. Clearly Land Securities will continue to monitor macro economic conditions and the progress of the business cycle. Many predict it is in a declining phase. This monitoring will help the business to plan ahead to ensure changes in the cycle have a minimum effect on the ability of the business to continue its high level of growth, thus providing high dividends for investors.