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Landsec directors agree 20% pay cut

Landsec’s board of directors is waiving 20% of its base salaries or fees for three months from 1 May, with the savings donated to its support fund.

The amount will be donated to Landsec’s £500,000 support fund for its charity partners. The fund is allocated to charitable causes by its sustainability committee, which is responsible for the landlord’s charitable donations.

Landsec’s recent donations include £100,000 to LandAid.

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