UK REIT British Land is said to have revived talks to sell a large stake in its £1.4bn (EUR 1.6 bn) Meadowhall shopping centre in the north of England. According to an article in the Financial Times, a joint venture between London & Stamford and an Abu Dhabi sovereign wealth fund is the frontrunner to secure the purchase of a 50% stake in the mall located in Sheffield, South Yorkshire. The paper said US opportunity fund Carlyle is also interested in buying the stake.
UK REIT British Land is said to have revived talks to sell a large stake in its £1.4bn (EUR 1.6 bn) Meadowhall shopping centre in the north of England. According to an article in the Financial Times, a joint venture between London & Stamford and an Abu Dhabi sovereign wealth fund is the frontrunner to secure the purchase of a 50% stake in the mall located in Sheffield, South Yorkshire. The paper said US opportunity fund Carlyle is also interested in buying the stake.
British Land initially put the stake on the market last summer when it was valued at £1.7 bn but talks with Singaporean wealth fund GIC reportedly ended in October last year.
Land Securities, the largest REIT in the UK, was also rumoured to be in talks to sell a stake in the Bullring shopping centre in Birmingham to an unnamed party.
