StocksMedium•2 October 2026•
1 min read
Panmure Liberum Backs Landsec Buy Rating After Metrocentre Acquisition
Key Facts
1Panmure Liberum maintained its 'buy' rating on Land Securities Group with a target price of 710p.
2Landsec agreed to acquire the Metrocentre shopping centre for £516 million in net cash consideration.
3The acquisition will be funded via a roughly £500 million equity raise and existing debt facilities.
Panmure Liberum maintained its 'buy' rating on Land Securities Group with a target price of 710p, Reuters reported. The affirmation follows Landsec's agreement to acquire the Metrocentre shopping centre for a net cash consideration of £516 million. The company stated that the acquisition will be funded via a roughly £500 million equity raise and the utilization of existing debt facilities.
LAND.L was trading at 617.5p on October 2, 2026, reaching a session high of 618p and a low of 606.5p. This market activity coincides with the company's strategic expansion, as Panmure Liberum noted that the substantial equity raise supports long-term growth objectives despite the scale of the transaction.