Commercial Property News

Land Securities to launch Spanish brands in the UK

Commercial property developer Land Securities is to launch three Spanish brands in the UK through its Brand Empire subsidiary.

The firm has agreed a deal with Spanish fashion retail group Grupo Cortefiel that will see Cortefiel, Springfield and women'secret launched in this country in the spring and summer.

Discussions between the two parties regarding the location of the initial stores are currently underway and general manager for Grupo Cortefiel Ezequiel Szafir said that expanding into the UK was the "obvious next step" for the firm.

Managing director for retail at Land Securities Richard Akers added that the company would be using its experience in the retail business property sector to help the three brands build "a major presence in the UK".

Land Securities' portfolio currently consists of 19.4 million sq ft of retail real estate, including 20 retail parks and 24 shopping centres.

Its holdings include the White Rose Centre in Leeds and the Lakeside Retail Park in West Thurrock.ADNFCR-2842-ID-19634307-ADNFCR

Wed, 24th Feb 2010

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