fbpx

Land Securities : LAND – disposal

Land Securities has sold the 550,000 sq ft Bridges shopping centre in Sunderland for £152m – equivalent to an initial yield of 6.9%. Land Securities bought the centre in 1993 but is selling as it says the centre does not fall within its strategic focus and so it is taking advantage of strong market conditions to sell the asset.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…