Landsec buys Liverpool One shopping centre for £490m Property Property giant Landsec has bought a controlling stake of 92 per cent in Liverpool’s biggest shopping destination, Liverpool One, as it looks to build its retail portfolio. It bought the stakes of the Abu Dhabi Investment Authority (Adia), which owned 69 per cent, and Grosvenor, which owned 23 per cent, for £490m. The deal has [...]
Landsec returns to profit as London property market stabilises Property British property investment trust Land Securities, known as Landsec, swung back into profit and hiked its forecast for the year today after a rebound in occupancy and rental income in London. Landsec told markets this morning that it had returned to the black in the first half of the year, reporting profit after tax of £243m [...]
Knight Frank: Investment in UK hotels jumps 50 per cent in a year Property Major deals by Blackstone, Landsec and Starwood Capital contributed to over £3bn of investment into UK hotels in the first half of 2024, already surpassing the total for last year by 50 per cent, Knight Frank data has revealed.
Landsec: Property giant ups stake in Bluewater shopping centre to two thirds June 25, 2024 Property giant Landsec has acquired an additional 17.5 per cent stake in Bluewater, the out of town shopping centre in Kent, taking its overall ownership to over 65 per cent.
Landsec: Workers returning to offices in London boost landlord May 17, 2024 A rebound in office use has boosted Landsec's bottom line.