Blackstone buys Land Securities’ Times Square London office development in £268m deal March 24, 2015 Private equity group Blackstone has snapped up Times Square for £268m – although it's bought a new office development in the City, rather than the more famous New York landmark. Property giant Land Securities will retain a five per cent stake in the 380,000 sq ft building near Blackfriars Station, which has Bank of New York [...]
Land Securities buys Moorgate site for £16.5m ahead of Crossrail launch February 16, 2015 Land Securities has bought the leasehold of a 1.9 acre site near Liverpool Street for £16.5m, paving the way for a huge regeneration ahead of the launch of Crossrail. Land Securities took out a three-year option to buy 21 Moorfields in 2012. Its previous owners had collapsed in 2010 and EY had been acting as [...]
Developers confirm a start date for £440m Westgate Oxford shopping area February 9, 2015 Developers have confirmed that construction on a £440m Westgate Oxford retail and leisure scheme will start in spring, after four years of planning. The Westgate Oxford Alliance, a joint venture between Land Securities and The Crown Estate, said the new 800,000 square foot development will expand the existing Westgate in Oxford city centre by adding [...]
Land Securities snaps up former News UK Wapping headquarters November 20, 2014 Land Securities has bought the half stake it doesn’t already own in Thomas More Square, in Wapping, for £85.3m, the property firm announced yesterday. The building was home to News UK, publisher of The Times, Sunday Times and the Sun, until its parent company News Corp moved all of its businesses into new offices at [...]
Land Securities buoyed by rush for office space November 11, 2014 LAND Securities posted a better-than-expected leap in the value of its portfolio in the first half of the year, thanks to strong demand from companies keen to take up space in its buildings. The FTSE 100 landlord behind the Walkie Talkie skyscraper in the City said like-for-like rents jumped 2.2 per cent in the six [...]
Land Securities’ Moorgate Crossrail scheme October 8, 2014 Land Securities unveiled plans yesterday for a 500,000 square feet of office scheme above the new Crossrail station at Moorgate in the City. The developer launched a public exhibition for the scheme at 21 Moorfields and expects to submit plans next month. Land Securities has a three-year option to buy the site which expires at [...]
Land Securities sells its stake in Bristol’s Cabot Circus for £270m August 13, 2014 LAND Securities has sold its 50 per cent stake in Bristol shopping centre Cabot Circus to Axa Real Estate in a £267.8m deal. Cabot Circus, home to more than 140 shops and restaurants, was developed by Land Securities in partnership with Hammerson, which is retaining its stake. It was hailed as Bristol’s largest city centre [...]
Land Securities Group sells off 50 per cent stake in Bristol shopping centre for £268m August 13, 2014 Land Securities Group, the owner of the Walkie Talkie building, has sold off a 50 per cent stake in a Bristol shopping centre for £267.8m. The UK’s largest property company has sold half of its stake in Cabot Circus and Quakers Friars, a joint venture with Hammerson, to AXA Real Estate as it reshapes its [...]
Land Securities buys Bluewater shopping mall stake for £656m June 25, 2014 LAND Securities has bought Lend Lease’s 30 per cent stake in Britain’s fourth largest shopping centre Bluewater for £656m after a heated battle for the site. The acquisition is a coup for property giant, which has been selling several of its regional shopping centres in order to make way for acquisitions in the south east [...]
Land Securities slams Labour’s rent policy plan May 15, 2014 LABOUR’S plans to overhaul the private rented sector would “put the brakes” on the housing market recovery, the chief executive of Land Securities has warned as the UK’s largest landlord reported a near 10 per cent uplift in profits. Rob Noel, the boss of the £12bn property firm whose developments include the Walkie Talkie skyscraper, [...]