Europe’s largest listed property company, Unibail Rodamco, is eyeing an entry into the UK property market and has bid on its first asset, according to UK trade publication Property Week.

Europe’s largest listed property company, Unibail Rodamco, is eyeing an entry into the UK property market and has bid on its first asset, according to UK trade publication Property Week.

According to the report, the Franco-Dutch retail giant is believed to be in the running to buy Lend Lease’s 30% stake in the Bluewater shopping centre in Kent. The complex is reportedly one of the UK’s largest and best performing retail assets.

Property Week claims the stake is valued at up to £600 mln (€729 mln). Unibail Rodamco does not currently have any activities in the UK and if its bid were successful, it would mark its first direct property investment in the country.

Other companies believed to be bidding for the stake include British Land in a partnership with Norwegian pension fund giant Norges, M&G Real Estate, Westfield, Hammerson, Intu Properties, Land Securities, Hines, Gingko Tree and Australian Super.