Landsec set to sell £650m leisure portfolio to CIT

Rob Noel

Landsec is reportedly close to selling a £650m stake in a leisure portfolio to private equity group CIT Partners.

The Sunday Times reported that Land Securities has agreed to sell its 95% share of the X-Leisure Unit Trust – which is behind developments including Xscape Milton Keynes and Brighton Marina – to CIT.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue