LS acquires 1.6% stake in LLRP

RNS Number : 1600V

Land Securities Group PLC

23 October 2014

 



Land Securities Group PLC ("Land Securities")

Land Securities acquires 1.6% stake in Lend Lease Retail Partnership for £12.8 million

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%.

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Notes to editors:

Land Securities 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, LLRP also owns 100% of Touchwood shopping centre, Solihull.

For further information, please contact:

Land Securities Group PLC

Press                                                                          Investors                    

Duncan Bonfield / Molly Neal                                      Ed Thacker                            

T: [phone] / 5460                                   T: [phone]
[e-mail]                       [e-mail] 

[e-mail] 

 

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