Landsec has raised fresh equity to fund the purchase of Metrocentre, the large shopping centre near Newcastle. The deal combined an institutional placing, a retail offer, and a subscription from senior directors. The new shares were priced at a modest discount to the market. The purchase gives Landsec full ownership of an asset it previously held in partnership, simplifying decisions on leasing, spending, and redevelopment. Funding also draws on proceeds from asset sales elsewhere, including central London office disposals. Investors will watch how quickly the shares settle, how the retail portfolio performs, and whether debt levels stay comfortable.

"Best views of the South Coast" as Spinnaker Tower reopens after handover to new operator. Published 27th Oct 2026, 12:35 GMT All three viewing decks are now open, with Spinnaker Kitchen & Bar also welcoming guests back to Portsmouth's waterfront. Guests are once again enjoying some of the best views on the south coast after Spinnaker Tower reopened its doors just in time for October half-term. Following a brief closure to facilitate an operational handover, Portsmouth's iconic landmark and attraction is welcoming visitors back to all three viewing decks, standing 170 metres above the waterfront. From the famous glass floor to its spectacular vantage points high above the harbour, the attraction offers a unique way to take in Portsmouth's historic coastline. The attraction has reopened under the new management of Company of Cooks in partnership with Landsec, owners of Gunwharf Quays, marking the beginning of a new chapter for the much-loved visitor destination. You May Like Spinnaker Kitchen & Bar also reopened at the weekend, operating with a limited menu initially, with visitors also able to enjoy Gunwharf Quays' "Haunted Highway" event this half term, which brings together a collection of famous film and television-inspired vehicles on the waterfront for free family entertainment throughout the week. Families can also continue the fun at "Castaway Cove Presents Oktoberfest" on The Plaza, where Bavarian-inspired food and drink, live Oompah band performances, and interactive games provide seasonal entertainment for all ages from Thursday - Sunday. Yvonne Clay, centre director at Gunwharf Quays, said: "We're delighted to see Spinnaker Tower welcoming visitors once again. As one of Portsmouth's most iconic landmarks, the attraction plays an important role in the city's visitor offer and continues to provide memorable experiences for residents and visitors alike. "With families enjoying the half-term break, it's the perfect opportunity to rediscover the incredible views and unique experiences that Spinnaker Tower has to offer. We look forward to supporting the team as the attraction continues to play an important role on Portsmouth's waterfront." Cllr Steve Pitt, leader of Portsmouth City Council, added: "The Spinnaker Tower is a hugely important Portsmouth landmark, so it's good to see it open and welcoming visitors again. "We're pleased to be working in partnership with Gunwharf Quays on this next chapter for the Tower, and to see continued investment in our waterfront and the city's visitor offer. "It's also great timing for half term. Portsmouth is a brilliant city for a day out, with our waterfront, heritage, attractions, shopping and places to eat all within easy reach, and now visitors can once again add a trip up the Tower to their plans." Spinnaker Tower is currently open daily from 10am until 6pm during the school holidays, with admission priced at £12 for adults and £10 for children. Discounted tickets are also available for Portsmouth residents. Visitors can purchase tickets on arrival, with all payments currently being accepted by card only.

Jigsaw chooses Landsec's Braintree Village for second UK outlet. Landsec has welcomed Jigsaw's second UK outlet to Braintree Village. Spanning 1,787sq ft, the store will offer Jigsaw's signature tailored classics, footwear and luxury accessories at up to 60% off RRP. The opening builds on leasing momentum at Braintree Village, following the recent arrivals of British fashion brands Mint Velvet, Whistles, Hobbs and Phase Eight, as Landsec continues to bring new brands and concepts to its outlet portfolio. Across its outlets at Braintree Village, Gunwharf Quays and Clarks Village, Landsec uses its wider retail portfolio relationships and extensive customer data and insight to identify brands with the potential to succeed in outlet, helping them reach new audiences. This approach brings greater choice to its destinations, creating new opportunities for brands to grow and giving customers more reasons to visit and return. Amy de Groot, retail asset director at Landsec, said: "Jigsaw choosing Braintree Village for only its second UK outlet is a great example of the new brands and concepts Retail Times want to bring to its outlet destinations. "Jigsaw adds to a strong run of premium British fashion arrivals at Braintree Village and gives our customers another reason to keep coming back."