Landsec buys further 10% of Bluewater for £95M
What's the deal? Land Securities (Landsec)Dealroom has a profile for this one. Try Dealroom → has completed the acquisition of an additional 10% stake in Bluewater, one of the UK's top-10 retail destinations. The net cash consideration was £95 million.
Why now? The deal, announced in October 2026, deepens Landsec's existing investment in one of the country's largest shopping centres.
The terms: The £95 million consideration represents a yield of 7.4%, based on the net rental income Landsec's current Bluewater stake generates.
The signal: By increasing its holding in a prime retail asset, Landsec is doubling down on physical shopping destinations — a notable move for a sector long pressured by e-commerce.
Read more: property-magazine.eu
Image credit: JOHN K THORNE
