10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Arora acquires QAM office block from Landsec in £245m deal

  • Corina Duma
  • 18 August 2025
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by HotelOwner. Click here to read the original article

image

Property company Landsec has agreed to sell its Queen Anne’s Mansions office block in central London to Arora Group for £245m.

The unconditional deal, expected to complete in December, marks early progress towards Landsec’s target of releasing £2bn from its office portfolio by 2030. The strategy aims to refocus investment on assets delivering long-term income and earnings growth.

Queen Anne’s Mansions, developed by Landsec in the 1970s, is fully let on a lease that runs until December 2028. Most of the asset’s value is linked to its redevelopment potential, with rental income set to decline as the lease nears expiry.

Landsec said the disposal is immediately accretive to its return on equity. The proceeds will be received as a lump sum in 2025, bringing forward cash that would otherwise have been spread across 2025 and 2026. This change is expected to reduce EPRA earnings by £7m in the 2026 financial year and £15m in 2027.

The sale price compares to a projected book value of £256m at completion, reflecting income received and a corresponding reduction in valuation since the last appraisal. The transaction is expected to reduce Landsec’s pro-forma loan-to-value ratio by 1.3% to 37.1%.

Mark Allan, chief executive of Landsec, said: “This sale provides strong evidence of the continuing recovery in the central London investment market and allows us to crystallise a full value for this off-strategy asset much sooner than we had envisaged.

The travel industry payment gap
Trending
The travel industry payment gap

“Including QAM, overall disposals since 31 March now total around £500m, which is ahead of our initial expectations and, combined with continued robust operational performance across the business, means we are making encouraging early progress in delivering against our strategy.”

Check out our weekly podcast: ‘Checking In by Hotel Owner’

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Impossible à classer

Regent Hong Kong Mourns the Passing of Visionary Founder Robert H. Burns

  • Automatic
  • 8 September 2025
View Post
  • Impossible à classer

Do Wild Stuff: Collaborations, Contrarian Thinking, and Curated Travel in Japan with Ryan Bukstein

  • Josiah Mackenzie
  • 7 September 2025
View Post
  • Impossible à classer

New on the Menu: Ceviche with sake lees and a Thai chicken sandwich

  • Bret Thorn
  • 5 September 2025
View Post
  • Impossible à classer

Restaurants are a bright spot amid a slow jobs report

  • Alicia Kelso
  • 5 September 2025
View Post
  • Impossible à classer

Holiday Inn Express by IHG Announces Partnership With Costa Coffee

  • LODGING Staff
  • 5 September 2025
View Post
  • Impossible à classer

Advantage Travel Partnership welcomes The…

  • Travel Weekly Group Ltd
  • 5 September 2025
View Post
  • Impossible à classer

REGISTER NOW: Exclusive Preview: MURTEC Executive Summit

  • Automatic
  • 4 September 2025
View Post
  • Impossible à classer

Nomada Hotel Group Joins BLLA to Enrich Team Community Through Education, Networking & Support

  • Automatic
  • 4 September 2025
Sponsored Posts
  • 2025 SOCIETIES Quaterly 3

    View Post
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
Latest Posts
  • Protests and Politics Prompt Global Travelers to Rethink US Trips
    • 8 September 2025
  • WEBINAR: 2025 Guest Engagement Study: How to Win the Customer
    • 8 September 2025
  • La Bahia Hotel & Spa Debuts in Santa Cruz, CA
    • 8 September 2025
  • The Printing House Nashville, Tapestry Collection By Hilton Is Now Open
    • 8 September 2025
  • New hotel tech, same chaos: What usually goes wrong?
    • 8 September 2025
Sponsors
  • 2025 SOCIETIES Quaterly 3
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.