THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Landsec disposes of two north west retail parks

Real estate firm Landsec has sold two of its retail parks in the north west of England. The move marks the first divestments from its non-core… View Article

RETAIL PROPERTY NEWS

Landsec disposes of two north west retail parks

Real estate firm Landsec has sold two of its retail parks in the north west of England.

The move marks the first divestments from its non-core retail park portfolio since the group unveiled its new strategy for growth in October last year.

Blackpool Retail Park and and Workington’s Derwent Howe Retail Park have been sold for a combined sum of £54.3 million to Columbia Threadneedle and Supermarket Income REIT respectively.

Landsec said both transactions are in line with its strategy to position the group for long term growth and create value for all stakeholders.

Following the disposals, Landsec has seven retail parks remaining in its portfolio.

Phillip Davies, head of investment, Landsec, said: “In line with our strategy we have been increasing portfolio recycling as we look to make the most of Landsec’s strengths and invest in areas with greater growth possibilities. Retail parks represent a subscale sector for us and a clear opportunity to realise capital that can be better deployed in areas where we have a competitive advantage such as central London and urban mixed-use regeneration projects.”

Interested in retail property? Then join us at our virtual Future of the High Street event on 28 September. Secure your free place here

Subscribe For Retail News