Land Securities Group PLC agreed to acquire the Metrocentre shopping centre in Gateshead for £516 million, funded by a £500 million equity raise and existing debt. The Metrocentre, one of the UK's largest shopping centres, generates £41 million in net rental income and has a 95% occupancy rate. Panmure Liberum maintains a 'buy' rating on Landsec with a target price of 710p, expecting the acquisition to be neutral to earnings this year but accretive by 2028. Completion is expected by the end of October, with strong bondholder support and plans for Landsec to reach EPRA earnings per share of around 62p by 2030.
Landsec's Metrocentre acquisition is the story's subject, with Pluang's Real Estate sector data providing context. As of Oct 02, 2026 18:51 WIB, 19 of 26 Real Estate stocks rose while 5 fell. Among notable movers, VICI Properties Inc. traded at USD 22.81 with a 0.35% gain and a typical hold time of 41 days, while AGNC Investment Corp. showed strong buy interest at 90% buy orders and traded at USD 8.98. Digital Realty Trust, Inc. had 100% buy order activity and traded at USD 177.00 with a 0.29% gain.
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