Landsec ups stake in Bluewater as retail values and rents stabilise


Institutional landlord Landsec has upped its stake in shopping centre Bluewater and agreed to sell a share to co-owner M&G as Covid continues to stabilise retail values and rents.

Landsec announced to the City this morning that it had completed the acquisition of an additional 25% share in Kent shopping centre Bluewater from Lendlease Retail Partnership for £172m.

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