Property giant Landsec takes £500m hit as retail pain bites

Landsec
Bluewater

Landsec, the UK’s largest property firm, on Tuesday warned that a wave of retail failures has dented the value of its empire by a whopping £557 million.

The Bluewater shopping centre part-owner, which is shifting its focus to London offices, said its portfolio value dropped to £13.8 billion in the year to March.

Read the full article on the Evening Standard.