Land Securities has put the Newcastle leisure centre The Gate up for sale as the UK-listed property giant prepares to convert to real estate investment trust (REIT) status in January.
Land Securities has put the Newcastle leisure centre The Gate up for sale as the UK-listed property giant prepares to convert to real estate investment trust (REIT) status in January.
The 19,000 m2 complex is home to a casino, a multiplex cinema also well as bars and restaurants. Reports in the British media suggest that Land Securities is seeking £72.5 mln (EUR 107 mln) for the five-year-old property which is the only leisure centre in its portfolio.
Jones Lang LaSalle has been appointed to market the centre.
