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Landsec Acquires Majority Stake in Liverpool ONE Shopping Centre
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Landsec Acquires Majority Stake in Liverpool ONE Shopping Centre

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An update from Land Securities Group plc REIT ( (GB:LAND) ) is now available.

Landsec has acquired a 92% stake in Liverpool ONE, a major UK shopping center, for £490m from ADIA and Grosvenor, with a deferred payment of £35m. This acquisition aligns with Landsec’s strategy to enhance its investment in major retail destinations, expanding its portfolio to seven of the UK’s top-30 shopping centers, with expectations of meaningful rental income growth and an attractive return profile.

More about Land Securities Group plc REIT

Landsec is one of the largest real estate companies in Europe, focusing on building and investing in sustainable places, connecting communities, and realizing potential. The company has a diverse portfolio that includes retail, leisure, workspace, and residential hubs, and is committed to leading the industry in environmental and social sustainability while delivering value to shareholders and positive experiences to guests.

YTD Price Performance: -12.40%

Average Trading Volume: 3,050,615

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £4.3B

See more data about LAND stock on TipRanks’ Stock Analysis page.

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