Land Securities sells its Bristol shopping centres

LAND : Land Securities sells its Bristol shopping centres

Land Securities has sold its 50% stake in Cabot Circus shopping centre, the adjacent Quaker Friars luxury goods and dining centre and high street shops. Collectively these generated rents of £17.3m for Land Securities – they fetched £267.8m, equivalent to a yield of 6.5%.

Land Securities and Hammerson built the centres in 2008 but Land Securities feels they no longer fit their strategic criteria.

James Carthew
Written By James Carthew

Head of Investment Company Research

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