.
MergerLinks Header Logo

New Deal


Announced

Completed

Landsec completed the acquisition of a 75% stake in MediaCity for $580m.

Financials

Edit Data
Transaction Value£424m
Consideration TypeCash, Loan Notes
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Commercial REITs

Acquisition

real estate

Domestic

Completed

Friendly

United Kingdom

Private

Single Bidder

Synopsis

Edit

Landsec, a commercial property development and investment company, completed the acquisition of a 75% stake in MediaCity, a UK tech and media hub, for $580m. "There's more desire from people to have more of that immediacy within their local area rather than having to travel a long way to work. Mixed-use neighbourhoods are becoming increasingly important in terms of the fabric of cities," Mark Allan, Landsec CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US