Samantha McClary from the BCO shares some thoughts on Landsec's note that they'd be pulling out of further office developments in their recent annual results.

She reminds us that the firm (who also owns MYO) has £7B of office assets under management that delivered £296M of their £562M of net rental revenue. Occupancy is also at a 10-year high of 98.6%. In short, not a step away from office as an asset, more a pause in new developments.