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Sector
Financials
Size
Large Cap
Market Cap £4.33bn
Enterprise Value £8.32bn
Revenue £741.0m
Position in Universe 161st / 1828

Land Sec. Group PLC - LS acquires 1.6% stake in LLRP

Thu 23rd October, 2014 3:40pm
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%.

-Ends-

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: +44 (0)20 7024 5463 / 5460 T: +44 (0)20 7024 5185
Duncan.Bonfield@landsecurities.com Edward.Thacker@landsecurities.com

Molly.Neal@landsecurities.com


This information is provided by RNS
The company news service from the London Stock Exchange
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