Landsec to buy Gateshead’s Metrocentre in £500m deal

Intu MetroCentre, Yellow Mall

Source: GettyImages/iStock/DavidGraham86

Property group Landsec has agreed to acquire the Metrocentre in Gateshead as part of its strategy to invest in “major retail destinations”.

Landsec chief executive Mark Allan said: “Growing our investment in major retail destinations remains our highest conviction call, given the high income yields and attractive income growth on offer for the right assets.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now