Find in the news:
BY COUNTRY

£656m buys a 30% share in Bluewater, Kent for Land Securities



Land Securities has acquired a 30% share in the Bluewater Center based in Kent, from Lend Lease, for a sum of £656m.

It has also gained full management rights, along with 110 acres of land for £40m.  After the rent free periods have ended, the overall net initial yield is expected to be 4.1%. The asset is owned by Lend Lease which holds 25%, M&G Real Estate and GIC with 35%, and Hermes and Aberdeen Asset Management hold a 10% stake.

This is one of the prime shopping centers outside of central London.  It hosts 27m annual visitors, in an extremely wealthy catchment area.  The center offers 1.8m sq ft and houses more than 330 cafes, restaurants, bars, and retailers, including House of Fraser, American Eagle, Tommy Hilfiger, H&M, Zara, Jack Wills, Victoria’s Secret, John Lewis and Marks and Spencer.  It offers shoppers 13000 parking spaces.

£656m buys a 30% share in Bluewater, Kent for Land Securities.jpg

The acquisition of this center increases Land Securities’ exposure in the South East.  Purchasing this share forms part of their plans to dominate the retail center experience. The company is planning to improve Bluewater returns by a reduction in the void rate to an average of 2.6% from 5.3%.  It will combine units to offer larger, but fewer units to retailers.  It is also targeting an improvement in its catering and leisure offerings.  

The company is confident that their approach to managing this asset will allow for growth in rentals as confidence in the market resumes again.



More about shopping malls in the United Kingdom



DAY BEFORE YESTERDAY, USA:
Mall of America owner is moving ahead, planning to bring the nation’s largest project to South Florida.
May 28, 2018, Poland:
Multi’s Polish flagship project opened its doors to the public.
May 15, 2018, United Arab Emirates:
Waterfront dining, retail, and entertainment attraction brings more lifestyle options to Palm Jumeirah.
May 15, 2018, United Kingdom:
Springfields Adventure Land will include the UK’s largest JCB Young Drivers Zone.
May 3, 2018, China:
New DNA Shopping Mall is Leigh & Orange’s (L&O) latest retail project to open.
Apr 23, 2018, United Kingdom:
New World Trading Company has chosen to open its latest venture at intu’s transformational retail and leisure extension.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us