{"id":191172,"date":"2021-12-22T12:45:31","date_gmt":"2021-12-22T12:45:31","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=191172"},"modified":"2021-12-22T18:10:30","modified_gmt":"2021-12-22T18:10:30","slug":"landsec-purchases-an-additional-25-stake-in-bluewater","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/landsec-purchases-an-additional-25-stake-in-bluewater\/","title":{"rendered":"Landsec purchases an additional 25% stake in Bluewater"},"content":{"rendered":"<p><strong>Landsec has confirmed the acquisition of an additional 25% share in <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/bluewater\/\">Bluewater<\/a><\/span> Shopping Centre from Lendlease Retail Partnership for \u00a3172 million.<\/strong><\/p>\n<p><!--more--><br \/>\nLandsec added that in a separate deal, which is expected to be complete in April 2022, it will sell 25% of this share to Bluewater co-owner M&amp;G. By May 2022, Landsec\u2019s ownership of Bluewater will be 48.75%.<\/p>\n<p>Bluewater is one of the UK's largest out of town shopping centres and the largest of its kind in the South East of England, located circa 23 miles East of Central London.<\/p>\n<p>It has an annual turnover in excess of \u00a31bn and features brands including Apple, Amazon 4 Star, <a href=\"https:\/\/www.theindustry.fashion\/the_directory\/john-lewis\/\"><span style=\"color: #ff0000;\">John Lewis<\/span><\/a>, <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/marks-spencer\">Marks &amp; Spencer<\/a><\/span>, <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/primark\/\">Primark<\/a><\/span>, and <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/zara\/\">Zara<\/a><\/span> alongside a cinema.<\/p>\n<p>Bruce Findlay, Managing Director, Retail at Landsec said: \u201cWe\u2019re making this acquisition at a time when retail values and rents are starting to stabilise. Together with our co-owners, we have a clear vision for Bluewater which builds on what is already a thriving retail destination.<\/p>\n<p>\"This investment underlines our strategic commitment to major retail destinations that offer something that can\u2019t easily be replicated online.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":143831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[9763,6,20823,10494],"tags":[11675,22003,20836,12266,14652,10160,35,16089],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Landsec purchases an additional 25% stake in Bluewater - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Landsec has confirmed the acquisition of an additional 25% share in Bluewater Shopping Centre from Lendlease Retail Partnership for \u00a3172 million. 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