Property giant Landsec takes £500m hit as retail pain bites
Evening Standard
14 May 2019
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.
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