谷歌留痕外推系统源码|【唯一TG:@heimifeng8】|Telegram账号盗取API✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Landsec increases Bluewater ownership, now has controlling stake
Nigel TAYLOR Published
June 25, 2025
After major doubts over their post-pandemic survival, not only are shopping centres back in fashionable demand but they’re now increasingly good to own.
Sector giant Landsec announced Tuesday it has completed the acquisition of an additional 17.5% stake in Kent’s Bluewater mall from GIC for £120 million. That increases its ownership of the popular destination (that was once Europe’s largest mall) to 66.25%.
And it’s easy to see why. Based on the income Landsec's existing investment in Bluewater generated over the year to March, this acquisition increases the company's net rental income by £10.3 million on an annualised basis.
“This transaction is in line with Landsec's objective to grow its investment in major retail destinations, recycling capital from its recent non-core disposals in an earnings accretive way”, the company said in a filing to the London Stock Exchange.
Bruce Findlay, Managing Director, Retail at Landsec, added: “This transaction underscores our ability to continue to create value through prime investments in scarce, major retail destinations with attractive return profiles. Bluewater is one of the UK's top retail destinations and a key part of our strategy to further build our relationships with key brands.”
The mood in the sector is certainly buoyant judging by the host of brands, small and large, recalibrating their views on shopping centres being the place to be and opening or enlarging/upgrading their physical presence.
Only last week Landsec announced that Inditex is opening 10,000 sq ft stores for its Pull&Bear and Bershka brands at Bluewater to add to its existing Zara and Massimo Dutti stores there.