Landsec lines up £500m deal for Gateshead’s Metrocentre

Landsec is reportedly closing in on a £500m deal to acquire Gateshead’s Metrocentre.The FTSE 100 landlord is understood to be nearing an agreement to buy the shopping centre after seeing off competition from Frasers Group and rival property group Hammerson.
Metrocentre, which spans around 2m sq ft and is one of the largest shopping centres in Europe, was put up for sale earlier this year by the Metrocentre Partnership.
The partnership includes the Church Commissioners and Singapore&r