Landsec increases ownership stake in Bluewater
Institutional landlord Landsec has announced it has completed the acquisition of an additional 10% stake in the Bluewater shopping centre.
In a statement issued this morning, the landlord said it had acquired an additional 10% stake in the shopping centre for £95m, which it said “represents a yield of 7.4% based on the net rental income” its existing investment in Bluewater is generating.
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