Land Securities Group plc REIT (GB:LAND) has released an update.
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Land Securities Group PLC (Landsec) has increased its stake in UK’s prominent retail destination, Bluewater, by acquiring an additional 17.5% for £120 million, boosting its ownership to 66.25%. The deal enhances Landsec’s net rental income by £10.3 million annually and aligns with its strategy to focus on prime retail investments following recent sell-offs of non-core assets. Bruce Findlay, Retail MD at Landsec, affirms the move is part of their strategy to cement relationships with top brands and leverage Bluewater’s strong market presence.
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