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 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.

Your Ultimate Hotel Tech Checklist for 2025: Must-Have Tools and Why Integration Matters
Trending
Your Ultimate Hotel Tech Checklist for 2025: Must-Have Tools and Why Integration Matters

“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
  • Miscellaneous

WTTC Report Shows Travel & Tourism Set to Support 91MN New Jobs by 2035

  • Automatic
  • 30 September 2025
View Post
  • Miscellaneous

Agentic Commerce Protocol | Nicholas Ward

  • Nicholas Ward
  • 30 September 2025
View Post
  • Miscellaneous

Duravit and sieger design

  • Jade
  • 29 September 2025
View Post
  • Miscellaneous

If You’re a Fan of ‘Gravity Falls’, You Have to Check Out This New Netflix Series

  • @CNET
  • 27 September 2025
View Post
  • Miscellaneous

New on the Menu: A rose-colored cocktail and Chinese truffled duck

  • Bret Thorn
  • 26 September 2025
View Post
  • Miscellaneous

Badlands Hotel Capital Adds Nine Blue Water Properties to Its Portfolio

  • LODGING Staff
  • 26 September 2025
View Post
  • Miscellaneous

China braces for record golden week travel surge

  • Automatic
  • 26 September 2025
View Post
  • Miscellaneous

Slow fermentation adds complexity to pizza crusts

  • Bret Thorn
  • 25 September 2025
Sponsored Posts
  • Winning the World Cup of Demand: A Revenue Management Playbook for Major Events – LodgIQ

    View Post
  • The Practical Guide to Hotel Automation

    View Post
  • 2025 SOCIETIES Quaterly 3

    View Post
Latest Posts
  • 6 Hotel Marketing Budget Fixes to Survive (and Thrive) This Budget Season
    • 30 September 2025
  • I built an SEO + AEO monitoring tool that tracks traffic from Google, Bing, Perplexity, Gemini, Claude, Copilot, and Meta AI across ALL your websites in a single dashboard. The link is below, but… | Eduard Mur
    • 30 September 2025
  • First Principles of Marketing: Why Marketing Exists — Soler & Associates | Marketing Hotel Technology
    • 30 September 2025
  • Half of Americans Plan to Travel This Holiday Season, With Hotels Remaining the Top Choice for Lodging
    • 30 September 2025
  • Marriott Bonvoy Launches New Outdoor Platform and Collection Brand
    • 30 September 2025
Sponsors
  • Winning the World Cup of Demand: A Revenue Management Playbook for Major Events – LodgIQ
  • The Practical Guide to Hotel Automation
  • 2025 SOCIETIES Quaterly 3
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.