Land Securities Group plc (LSE:LAND) acquired additional 25% stake in Blueco Limited from Lendlease Corporation Limited for approximately £170 million on December 22, 2021. Deal value consist of £172 million representing a net initial yield of 8.15% and an equivalent yield of 8.25%. In a separate deal, Landsec will sell 25% of this share to co-owner M&G for its pro rata share of the purchase price with the deal completing in April 2022, at which point Landsec's ownership of Bluewater will be 48.75%. For the period end March 31, 2020 Blueco had an annual turnover in excess of £1bn and a catchment population of 3.9 million people. Land Securities Group plc (LSE:LAND) completed the acquisition of additional 25% stake in Blueco Limited from Lendlease Corporation Limited for approximately £170 million on December 22, 2021.