Land Securities Group PLC ("Land Securities")
2014年6月24日 - 3:00PM
Marketwired
Land Securities Group PLC ("Land Securities")
Land Securities Sells The Bridges, Sunderland for £ 152
Million
LONDON, UNITED KINGDOM--(Marketwired - Jun 24, 2014) - Land
Securities (LSE: LAND) (PINKSHEETS: LSGOF) has exchanged contracts
to sell The Bridges shopping centre, Sunderland to clients of AEW
Europe for £152 million, reflecting a net initial yield of
6.9%.
The Bridges totals 550,000 sq ft and is anchored by Debenhams
with a further 100 shops including Foot Locker, Superdry and
TopShop. Land Securities bought The Bridges in 1993 and extended
the centre in 2000.
Scott Parsons, Managing Director, Retail at Land Securities,
said, "Our retail strategy is to move the portfolio towards
dominance, experience and convenience. The Bridges trades well
currently but is not part of our strategic focus, and the strong
market conditions for retail assets have allowed us to move quickly
to crystallise value from the asset."
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.
For further information, please contact: Land Securities Group
PLC Press Duncan Bonfield / Molly Neal T: +44 (0)20 7024 5463 /
5460 Duncan.Bonfield@landsecurities.com
Molly.Neal@landsecurities.com Investors Ed Thacker T: +44 (0)20
7024 5185 Edward.Thacker@landsecurities.com
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