Landsec to acquire U+I for £190m.

Landsec, a real estate investment trust, agreed to acquire U+I, a property company, for £190m ($225m). “Developing truly world-class mixed-use communities that inspire and create opportunity is more important than ever. The combination of Landsec and U+I is compelling and will help us accelerate our strategy, both by introducing exciting new Urban development opportunities and by further strengthening Landsec’s front end development capabilities and placemaking skills. Landsec has tremendous potential and this transaction is an example of our ability to capitalise on our strengths and create future value for all of our stakeholders – investors, employees, communities and partners alike," Mark Allan, Landsec CEO.