LandSec Buys Major Stake in U.K. Tech Hub in Bid to Diversify
- The deal gives the real estate firm a 75% stake in MediaCity
- The 37-acre estate is based in Salford, Greater Manchester
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Land Securities Group Plc has bought a majority stake in a northern England tech hub for 425.6 million pounds ($580 million) as it seeks to diversify its office and retail-focused portfolio.