Wereldhave in talks to buy London mall - report

By A staff reporter 2011-09-28T00:00:00+01:00

Dutch investor Wereldhave is in exclusive negotiations with Legal & General Property to acquire the Ealing Broadway shopping centre in west London, according to reports in the UK and Dutch press. The price is said to be around £152 mln (EUR 175 mln), representing a yield of 6.1%.

Dutch investor Wereldhave is in exclusive negotiations with Legal & General Property to acquire the Ealing Broadway shopping centre in west London, according to reports in the UK and Dutch press. The price is said to be around £152 mln (EUR 175 mln), representing a yield of 6.1%.

The mall, opened in 1985, comprises 82 units on an area of ??25,700 m². Main tenants are Argos, Marks & Spencer, New Look, Primark and Tesco.