Metrocentre acquired by Landsec in £516m deal
Culture Index
Score Breakdown
Relevance
14/25
Freshness
25/25
Authority
18/20
Brand Signal
6/15
Depth
6/15
5-Axis Cultural Radar
Landsec, which operates Liverpool ONE and Bluewater, has exchanged contracts to acquire a 100 per cent stake in Metrocentre, Gateshead for £516m. The property investment firm takes over ownership of Newcastle’s Metrocentre from Tynehawk Holdings (Jersey) Limited. Metrocentre, which is currently 95 per cent occupied, attracts over 16 million visitors annually generating retail sales of around...
