The deal would give Landsec full ownership of the Gateshead shopping centre and adjacent retail park, subject to legacy-entity dissolution and bondholder approvals. IN BRIEFKEY TAKEAWAYSFAQs Landsec has exchanged contracts to acquire a 100% stake in Metrocentre, Gateshead, from Tynehawk … Read the full press release →
Posted in Financial, Investment, Real Estate, Retail, United Kingdom
Tagged 1.86 million sq. ft., 16 million visitors, 282 stores, 7.9% net rental income yield, 95% occupancy, bondholder consent, EPRA EPS, equity issue, Gateshead, Intu Properties, Landsec, Landsec agrees £516 million Metrocentre acquisition as it expands investment in major UK retail destinations, Landsec moves to take full control of Metrocentre in £516 million Gateshead transaction, Landsec targets full ownership of top-10 UK shopping centre through Metrocentre acquisition, major retail destinations, Mark Allan, Metrocentre, Metrocentre deal expands Landsec’s major retail platform with completion targeted for October 2026, Metrocentre Finance PLC, Newcastle, retail park, retail real estate, shopping centre, Tynehawk Holdings (Jersey) Limited, United Kingdom, £516 million acquisition, £530 million headline price
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