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BlackRock Acquires 10% Stake in Land Securities Group

BlackRock Acquires 10% Stake in Land Securities Group

Land Securities Group plc REIT (GB:LAND) has released an update.

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Land Securities Group PLC has announced a significant change in ownership, with BlackRock, Inc. now holding a total of 10% of the company’s voting rights. The notification, dated August 1, 2024, reveals that BlackRock reached this threshold following recent acquisitions and disposals of financial instruments. This move by the investment giant underscores a strategic adjustment in its stake in the UK-based real estate investment trust.

For further insights into GB:LAND stock, check out TipRanks’ Stock Analysis page.

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