Landsec to pay £190m for rival developer

By Dave Rogers2021-11-01T10:08:00

Deal for U+I expected to finalise next month

Landsec is paying £190m for rival developer U+I, the company announced this morning with the deal expected to be wrapped up by the end of the year.

The firm made an approach for its smaller rival in September and Landsec, which is due to unveil interim results later this month, said it would give it greater access to mixed-use schemes which it said have increased in importance in the wake of the covid-19 pandemic.

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