Dutch property investor Wereldhave is in advanced talks with British Land to sell its Ealing Broadway shopping centre in London and some other high street shops, according to Property Week.
Dutch property investor Wereldhave is in advanced talks with British Land to sell its Ealing Broadway shopping centre in London and some other high street shops, according to Property Week.
The companies are said to be negotiating a deal worth around £180 mln (221 mln). The parties declined to comment.
Wereldhave has been seeking to sell its UK retail assets since mid-2012, when it announced that values in the UK and US had fallen sharply. The company recently disposed of its entire US portfolio to Lone Star. At the presentation of its first-half results, writedowns on the UK shopping centre portfolio amounted to €37 mln.
Wereldhave bought Ealing Broadway from Legal & General Property for £155 mln in late 2011. It bought the Dolphin centre in Poole from Grosvenor for £80 mln in 2010.
