Landsec, one of the UK’s leading Real Estate Investment Trusts (REITs), is reportedly eyeing a £350 million investment for a controlling 69% stake in Liverpool One, the prominent shopping centre in the heart of Liverpool. The stake is presently held by Abu Dhabi Investment Authority (ADIA), which has engaged JLL to seek a buyer.

Liverpool One, a key retail hub developed by Grosvenor, boasts an impressive array of over 200 shops, 500 apartments, two hotels, 25 restaurants, a 14-screen Odeon cinema, and more. Since its opening in 2008, it has become an essential part of the commercial fabric of the North West, with a valuation of around £520 million.

The potential acquisition by Landsec is in line with an 8% yield and reflects the company’s strategic shift towards growth opportunities. Having divested approximately £2 billion in assets over the last two years, including retail parks and some London offices, Landsec is now focusing on major retail sites as promising investment channels.