Simon has started in the newly-minted role of managing director, strategy and capital markets
A share of the stake will be sold on to M&G to keep ownership below 50%
Shareholders vote in favour of £190m take-private
Works on the development are expected to be completed by 2026
REIT seeks to continue run of attractive acquisitions
Chief executive Mark Allan said economic recovery was stronger than expected
New fund will help REIT remove 24,000 tonnes of carbon
REIT has disposed of £250m of assets and targeted £616m of acquisitions in the past six months
The sale is in line with Landsec’s strategy to move away from long-held vanilla assets
CEO Mark Allan says the deal shows “an entrepreneurial approach to how we create shareholder value”
Landsec has tabled a 149p per share offer for U+I, valuing the business at £190m
Total rent collection has risen from 81% to 85%, but retail has lifted by 10%