Landsec to Raise GBP500 Million via Placing, Retail Offer, Subscription

03:18 AM EDT, 10/01/2026 (MT Newswires) -- Land Securities Group (LAND.L), d/b/a Landsec, plans to raise 500 million pounds sterling via a placing, retail offer and subscription of shares. Proceeds were earmarked for the British real estate company's Metrocentre acquisition and its retail portfolio consolidation, according to a Thursday release. The issue price is subject to the completion of a bookbuilding process. The shares are expected to be admitted to the main market of the London bourse on Oct. 5. Additionally, Landsec noted that investors will have a minimum subscription price of 250 pounds per investor for the retail offer.