Reuters: Technology News: Land Securities seals Google deal to combat web exodus

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Land Securities seals Google deal to combat web exodus Jan 23rd 2013, 07:49 Tweet Share this Email Print Related News Hilco tightens grip on HMV with debt purchase Tue, Jan 22 2013 UPDATE 2-Shock UK retail sales fall casts pall over 2013 outlook Fri, Jan 18 2013 WRAPUP 2-Tablet PCs, cheap fashion lift UK retailers Thu, Jan 17 2013 Facebook search to generate revenue, no rival to Google: analysts Wed, Jan 16 2013 UPDATE 2-DVD rental firm Blockbuster UK goes into administration Wed, Jan 16 2013 Analysis & Opinion Davos: Google grows up In search of Google's dark side Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » An illustration picture shows a Google logo with two one Euro coins, taken in Munich January 15, 2013. Credit: Reuters/Michael Dalder LONDON | Wed Jan 23, 2013 2:49am EST LONDON (Reuters) - Britain's largest listed property company Land Securities has agreed a deal with internet search giant Google to drive business to its malls, the latest move by a retail landlord to combat the growth of online shopping. It follows a move earlier this month by Capital Shopping Centres Group to open a fashion website where shoppers can buy and collect from its centres and invest in a new free wi-fi network. The Land Securities tie-up with Google Product Search comes as the number of its retail units in administration, including Jessops, HMV and Blockbuster, rose from 1.8 percent at the end of September to 2.2 percent, the company said in a trading update on Wednesday. Against the backdrop of a growing number of retail failures in the UK, the British online market grew 14 percent in 2012, according to online retail industry body IMRG, which forecast it would grow 12 percent to 87 billion pounds ($138.05 billion) in 2013. In March, Land Securities will open the UK's only new mall this year, Trinity Leeds, which is 90 percent pre-let, which the company described as "a good result in a difficult market". Elsewhere in its property portfolio, insurer RSA leased four floors in the so-called Walkie Talkie skyscraper in London's financial district, showing the divided nature of the market in the square mile which has seen banking and finance companies retrench while insurers seek new office space. ($1 = 0.6302 British pounds) (Reporting by Tom Bill; Editing by Elaine Hardcastle) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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