REG - Land Sec. Group PLC - Completion of acquisition <Origin Href="QuoteRef">LAND.L</Origin>

Land SecuritiesAnnouncement

05/12/2014 15:22

RNS Number : 0224Z
Land Securities Group PLC
05 December 2014
5 December 2014 
Land Securities Group PLC ("Land Securities")
Land Securities completes the acquisition of a 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 and the announcement on 23 October 2014 of Land Securities' conditional acquisition of a 1.6% stake in Lend Lease Retail Partnership (LLRP) for 12.8m, Land Securities announces that this acquisition has now completed. 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, has increased 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 25 million sq ft of property, from shopping centres to offices, valued in excess of 13.2 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
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