Land Securities Group PLC has agreed to sell its 245,000 sq ft office at 123 Victoria Street, London, for £211 million to SevenCitiesLdn on behalf of Seven Capital PLC. The sale is part of Landsec's strategy to recycle capital from office properties into assets with stronger income growth, aiming to release £2 billion from offices by 2030. The transaction will provide £181 million upfront and £30 million over 36 months with 6% interest. This move is expected to slightly reduce net tangible assets per share and improve Landsec's loan-to-value and net debt-to-EBITDA ratios, supporting sustainable income and earnings growth.
Landsec's sale of 123 Victoria Street office is noted alongside Pluang's Real Estate sector data. For readers following real estate, here is Pluang's market snapshot as of Sep 28, 2026 14:01 WIB: out of 26 priced US real estate stocks, 12 rose and 13 fell. Essex Property Trust (ESS) traded at USD 271.61 with a 1-day change of -0.68% and a typical hold time of 111 days, Jones Lang LaSalle (JLL) at USD 321.91 with -0.66% change and 70 days hold, and Crown Castle International (CCI) at USD 68.15 with +0.46% change and 94 days hold.
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