Land Securities is in pole position to buy the Overgate shopping centre in
The REIT has beaten competing bids believed to have been tabled by Hammerson,
The Lend Lease Overgate Partnership put the centre on the market in September. The partnership fund came to the end of its life on 31 October.
The 70-unit scheme is anchored by a 105,000 sq ft Debenhams. Other tenants include Topshop, H&M, Primark and Gap.
Jones Lang LaSalle advises the partnership; Cushman & Wakefield advises Land Securities.
annabel.dixon@estatesgazette.com
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