Finance
UK's Land Securities acquires 92% stake in Liverpool ONE for $622 million
Published by Global Banking & Finance Review®
Posted on December 17, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 17, 2024
2 min readLast updated: January 27, 2026
Land Securities buys a 92% stake in Liverpool ONE for $622M, enhancing its retail portfolio with a focus on prime UK shopping destinations.
(Reuters) - British commercial property firm Land Securities (Landsec) on Tuesday said it acquired a 92% stake in shopping centre Liverpool ONE for 490 million pounds ($622.1 million), betting on retailers' focus on "bigger and better" stores.
"The top 1% of the UK's shopping destinations provide brands with access to 30% of all in-store retail spend, which is why we continue to see brands focus on fewer, but bigger and better stores in the best locations," Landsec CEO Mark Allan said in a statement.
The company purchased the stake from a subsidiary of sovereign wealth fund Abu Dhabi Investment Authority which held 69% interest in the centre, and internationally diversified property group Grosvenor, which owned 23%.
Liverpool ONE is considered one of UK's premier shopping centres, boasting an annual footfall of 22 million people. It recently saw upsizes and new rentals to companies such as M&S, Sephora, Uniqlo, and Zara.
The acquisition aligns with Landsec's strategy to grow its investment in major retail destinations, as it now owns seven of the top 30 shopping centres in the UK, according to the company.
($1 = 0.7877 pounds)
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Varun H K)
The main topic is Land Securities' acquisition of a 92% stake in Liverpool ONE shopping centre for $622 million.
The stake was sold by Abu Dhabi Investment Authority and Grosvenor.
Liverpool ONE is a premier UK shopping centre with 22 million annual visitors.
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