Land Securities Acquires 1.6% Stake in Lend Lease Retail Partnership for GBP12.8 Million
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwired) -- 10/23/14 -- (LSE: LAND) (PINKSHEETS: LSGOF) --
Following the announcement on 25 June 2014 of Land Securities'' acquisition of a 30% stake in the Bluewater shopping centre in Kent, Land Securities announces it has conditionally acquired a 1.6% stake in Lend Lease Retail Partnership (LLRP) for £ 12.8m. LLRP''s major investment is a 25% stake in the Bluewater shopping centre.
As a result of this acquisition, Land Securities economic interest in the Bluewater shopping centre, Kent, will increase by 0.4%.
is the UK''s largest listed commercial property company and a member of the FTSE 100. The company owns and manages more than 24 million sq ft of property, from shopping centres to offices, valued in excess of £ 11.8 billion.
In addition to its 25% stake in the Bluewater shopping centre, also owns 100% of Touchwood shopping centre, Solihull.
Land Securities Group PLC
Press
Duncan Bonfield / Molly Neal
T: +44 (0)20 7024 5463 / 5460
Investors
Ed Thacker
T: +44 (0)20 7024 5185
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Datum: 23.10.2014 - 09:12 Uhr
Sprache: Deutsch
News-ID 1312360
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