9 December 2014
Land Securities Group PLC ("Land Securities")
Land Securities sells The Centre and Almondvale West Retail Park, Livingston
Land Securities announces the sale of The Centre and Almondvale West Retail Park, Livingston to HSBC Alternative Investments Limited as part of its Club Deal programme, together with Hines acting as asset manager, for £224.1 million.
The Centre is Scotland's second-largest covered shopping centre and totals more than 1 million sq ft. It is home to over 160 retailers, including Primark, Debenhams, BHS and M&S, and has more than 2,500 parking spaces.
Almondvale West Retail Park comprises six units totalling 116,000 sq ft let to retailers including TK Maxx and Matalan.
Scott Parsons, Managing Director, Retail at Land Securities, said, "The sale of The Centre and Almondvale West Retail Park follows a number of recent transactions demonstrating our clear commitment to reshaping our shopping centre portfolio to focus on dominant regional and Greater London assets."
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Notes to editors:
Land Securities is the UK's largest listed commercial property company and a member of the FTSE 100. The company owns and manages more than 25 million sq ft of property, from shopping centres to offices, valued in excess of £13.2 billion.
For further information, please contact:
Land Securities Group PLC
Press Investors
Molly Neal Ed Thacker
T: +44 (0)20 7024 5460 T: +44 (0)20 7024 5185
[email protected] [email protected]
