Landsec completed the acquisition of a 25% stake in MediaCity from Peel Group for £83m.

Landsec, a real estate investment trust company, completed the acquisition of a 25% stake in MediaCity, a UK tech and media hub, from Peel Group, an Infrastructure company, for £83m. "MediaCity has huge potential. Through our increased ownership, we can curate a place that continues to attract cutting-edge businesses and investment to the area, and where people choose to come to work, live and enjoy their lives. We look forward to sharing more about our plans in the near future,” Mike Hood, Landsec U+I CEO.