land securities group plc (LAND:London)
Transactions by LAND SECURITIES GROUP PLC (LAND) in the last 6 months
HSBC Alternative Investments Limited acquired The Centre and Almondvale West Retail Park from Land Securities Group plc (LSE:LAND) for approximately £220 million on December 8, 2014. Hines acted as the asset manager in the transaction. HSBC Alternative Investments Limited funded the acquisition with approximately £140 of senior loan. Cushman & Wakefield and Scoop Asset Management acted as real estate advisors while Tom Ferrier and Martin Devin of Pinsent Masons LLP and ...
Land Securities Group plc (LSE:LAND) acquired remaining 50% stake in Thomas More Square, E1 from Ontario Teachers' Pension Plan for £85.3 million on November 20, 2014.
DTZ Investors acquired freehold interest of 47 Mark Lane, London from Land Securities Group plc (LSE:LAND) for £73.2 million during the period September 30, 2014 to November 11, 2014. 47 Mark Lane reported annual rents of £2.9 million. Strutt & Parker LLP acted as the real estate advisor to DTZ Investors on the purchase and Capital Real Estate Partners acted as real estate advisor to Land Securities.
Land Securities Group PLC (LSE: LAND) agreed to acquire a 1.6% stake in Lend Lease Retail Partnership for £12.8 million on October 23, 2014. As a result of this acquisition, Land Securities economic interest in the Bluewater shopping centre, Kent, will increase by 0.4%.
Land Securities Group plc (LSE:LAND) exchanged contracts to acquire the remaining 50% stake in Buchanan Galleries, Glasgow from UK Shopping Centre Fund of TH Real Estate for approximately £140 million on October 10, 2014. In a related deal, TH Real Estate exchanged contracts to acquire 50% stake in Princesshay shopping centre and surrounding properties in Exeter from Land Securities Group plc. Buchanan Galleries reported a net rental income of £7.5 million for 2013.
UK Shopping Centre Fund
UK Shopping Centre Fund managed by TIAA Henderson Real Estate exchanged contracts to acquire 50% stake in Princesshay Shopping Centre from Land Securities Group plc (LSE:LAND) for approximately £130 million on October 10, 2014. Under the terms of agreement, The Crown Estate will continue to hold remaining 50% stake in Princesshay Shopping Centre. In a related transaction, TIAA Henderson Real Estate agreed to sell remaining 50% stake in Buchanan Galleries, Glasgow for ...
UK Shopping Centre Fund
HSBC Alternative Investments Limited and Hines Real Estate Investment Trust Inc. agreed to acquire The Centre in Livingston from Land Securities Group plc (LSE:LAND) for £220 million on October 10, 2014. HSBC Alternative Investments Limited and Hines Real Estate Investment Trust Inc. emerged as preferred bidders in the transaction. Colliers acted as real estate advisor for Land Securities. Scoop Asset Management and Cushman & Wakefield acted as real estate advisors Hines ...
HSBC Alternative Investments Limited
AXA Real Estate Investment Managers, on behalf of its clients signed a contract to acquire 50% stake in Cabot Circus shopping centre, Quakers Friars and surrounding shops in Bristol from Land Securities Group plc (LSE:LAND) for approximately £270 million on August 13, 2014. Hammerson Plc will retain its 50% stake in Cabot Circus and will take over asset and property management, plus leasing and marketing. AXA Real Estate will have a strategic asset management role. The ...
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