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Evening Standard
Evening Standard
Henry Saker-Clark

Landsec to buy Metrocentre in £516 million deal

Landsec Metrocentre INTU Land Securities London
Land Securities has agreed a deal to buy the Metrocentre shopping centre complex (Alamy/PA) -

Real estate giant Land Securities (Landsec) has agreed a deal to buy the Metrocentre shopping centre complex in Gateshead, Tyne and Wear, for £516 million.

On Thursday, the London-listed firm said it would launch a £500 million equity fundraiser to help fund the deal.

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