Landsec snaps up Liverpool One shopping centre in £490m deal

Land Securities has snapped up Liverpool One shopping centre in a £490m deal, as the real estate firm continues to invest in bricks-and-mortar retail.
The property group acquired a 92% stake in the shopping complex, after recently designating the best part of £600m to spend on snapping up more assets, despite the majority of landlords having avoided buying large malls in recent years.
Landsec CEO Mark Allan said: “The top 1 per cent of the UK’s shopping destinations provi