Landsec completes Metrocentre acquisition for £516m
The deal yields 7.9%, expanding Landsec's portfolio to include three top-ten UK shopping centres and boosting annualised rental income from major retail destinations.
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UK commercial real estate owner and developer
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In short: Landsec reported record occupancy and accelerating rental growth while expanding its retail portfolio via Bluewater and Metrocentre.
The deal yields 7.9%, expanding Landsec's portfolio to include three top-ten UK shopping centres and boosting annualised rental income from major retail destinations.
The acquisition expands Landsec's major retail portfolio and is expected to complete by late October 2026.
The company highlights £147m social value, 39% embodied carbon reduction, and record demand for retail and workplaces.
EPRA earnings reached £382 million with occupancy hitting a twenty-year high. The company projects continued income growth while reducing net debt below seven times EBITDA within two years.
Landsec completes its £516m Metrocentre acquisition in Gateshead at a 7.9% rental income yield. Read about its retail growth plans.
Developers have paused two giant regeneration projects in London which would have included thousands of rental homes.
A £1.5bn plan to rebuild a shopping centre in south London has been shelved after the borough's Green-led council demanded more affordable housing. Landsec said...
Land Securities (LAND) tapped investors for £500mn last week in one of the largest equity raises on the London market this year. The FTSE 100...
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