Land Securities exchanges on St Johns Centre

RNS Number : 7620Z

Land Securities Group Plc

21 March 2012

 



21 March 2012

Land Securities Group PLC ("Land Securities")

LAND SECURITIES EXCHaNGES ON sT Johns Centre, Liverpool

Land Securities confirms that it has unconditionally exchanged to sell the 413,000 square foot St Johns Centre in Liverpool to InfraRed Capital Partners in a deal that is expected to complete in April.  The price is circa £76.5 million.

Commenting on the sale, Richard Akers, Managing Director Retail Portfolio said:
"We have recently completed a number of asset management initiatives at St Johns which have successfully positioned it as a value offer based centre in the heart of Liverpool.  The sale will allow us to recycle the capital into other opportunities."

Jones Lang LaSalle acted for Land Securities.

Ends

Notes to Editors

For further information, please contact:

Land Securities Group PLC

Edward Thacker

T: [phone]

[e-mail]

Melanie Shaw

T: [phone]

[e-mail]

Land Securitiesis the UK's largest commercial property company and a member of the FTSE 100. The company owns and manages more than 29 million sq ft of property, from shopping centres to offices. For more information see www.landsecurities.com

 

END

 

 

DISSEMSAFFESESD