Brief: Landsec To Buy Metrocentre For £516 Million
01/10/2026 07:14
BRIEF-Landsec To Buy Metrocentre For £516 Million Oct 1 (Reuters) - Land Securities Group PLC LAND.L:
LAND SEC. GROUP PLC - LANDSEC ACQUIRES 100% STAKE IN METROCENTRE
LAND SECURITIES - LANDSEC TO BUY 100% STAKE IN METROCENTRE FOR £516 MILLION NET CASH
LAND SECURITIES - ACQUISITION TO BE FUNDED VIA EQUITY ISSUE AND EXISTING DEBT FACILITIES
LAND SECURITIES - EXPECTS 3-5% GROWTH IN LIKE FOR LIKE NET RENTAL INCOME FOR YEAR ENDING MAR 31, 2027
LAND SECURITIES - ACQUISITION EXPECTED TO COMPLETE BY END OF OCTOBER
Source text: ID:nRSA0868Xa
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