Land Securities Group Stock News

Panmure Liberum has maintained its 'buy' rating on Land Securities Group PLC (LSE:LAND), the property investment company, with a target price of 710p, after the company agreed to acquire the Metrocentre shopping centre in Gateshead. Landsec has exchanged contracts to buy 100% of Metrocentre for £516 million in net cash consideration, funded through a roughly £500 million equity raise and existi...

Land Securities Group PLC (LSE:LAND) has agreed the £211 million sale of 123 Victoria Street in London as it continues to recycle capital out of offices and into assets offering stronger income growth. The 245,000-square-foot property is being sold to SevenCitiesLdn, on behalf of Seven Capital PLC, in an unconditional transaction.