Land Securities acquires 30% stake in Bluewater, Kent for £656 millionLand Securities announces it has acquired a 30% stake in the Bluewater shopping centre, Kent for a cash consideration of £656 million from Lend Lease. In addition, Land Securities has acquired the full asset management rights for the centre and 110 acres of surrounding land for £40 million. The overall net initial yield after expiry of rent free periods is 4.1%.
Keep up with what's happening at Land Securities with our archive of property-related press releases.
Land Securities brings unique food experience to Lewisham Land Securities has signed a pioneering London night market to its shopping centre in Lewisham as part of a new food concept
TRINITY LEEDS NAMED BEST NEW DEVELOPMENT AT ICSC EUROPEAN SHOPPING CENTRE AWARDSTrinity Leeds, the only major shopping, dining and leisure destination to have opened in the UK in 2013, has been named Best New Development (for projects over 45,000 m²) at the ICSC European Shopping Centre Awards.
TRINITY LEEDS CELEBRATES FIRST BIRTHDAY AND SUCCESSFUL YEAR OF TRADING WITH INDUSTRY AWARD WINTrinity Leeds – the only major shopping, dining and leisure destination to have opened in the UK in 2013 – has attracted more than 22 million visitors in its first year. The centre, owned and operated by Land Securities, celebrates its first year of trading success on Friday 21 March, has also contributed to bringing over two million additional visitors to Leeds City Centre.
WESTGATE PLANS GAIN APPROVAL FROM OXFORD CITY COUNCILOxford City Council’s West Area Planning Committee has resolved to grant outline planning permission for Westgate Oxford Alliance’s £500m major redevelopment of the Westgate Centre and adjacent land. The Alliance, a JV between The Crown Estate and Land Securities, has spent four years preparing the plans and undertaking extensive consultation.
Opening of premium brands sparks sales increase at Gunwharf Quays Land Securities’ best performing retail outlet shopping centre has increased its sales by 25 per cent in the last two years, following an influx of designer brands.
Land Securities and TrueStart forge strategic partnershipLondon January 22nd, 2014: TrueStart, the retail and consumer innovation hub backed by sector specialist investor True Capital, and Land Securities, the UK’s largest commercial property company, have formed a strategic partnership to support innovation in the retail and consumer sectors.
DOUBLE WIN FOR LAND SECURITIES AT THE BCSC GOLD AWARDSThursday 5th December, BCSC Gold Awards: Land Securities, the UK’s largest commercial property company, scooped two awards at the British Council of Shopping Centres Gold Awards 2013 last night. Trinity Leeds received the ‘New Centre’ award and the John Lewis store in Exeter, a joint venture between Land Securities and the Crown Estate, won the award for ‘Refurbishment (over £5 million)’.
Overgate to welcome two new retailersTWO new retailers have signed deals to open in Dundee’s Overgate Shopping Centre. Sports fashion retailer, JD Sports, and health supplement retailer, Holland and Barrett, have both agreed 10-year deals with the Land Securities-owned shopping centre.
Land Securities invests £7million to extend White Rose food court Land Securities, owner of the White Rose Shopping Centre in Leeds, is investing £7 million to triple the size of the food court at White Rose.