05.12.2008 - British Land revives sale of stake in flagship retail centre
From FT: British Land has reignited talks to sell a large stake in its flagship 1.4bn ($2.3bn) Meadowhall shopping centre in the north of England. A London-listed property fund, backed by an Abu Dhabi sovereign wealth fund, is seen as frontrunner to secure the deal. The shopping centre in Sheffield, South Yorkshire, comprises almost a tenth of British Land's property portfolio. Meadowhall was valued at 1.4bn at the end of September according to the UK property company's most recent set of accounts, representing a net equivalent yield of 5.7 per cent...... Full Article: Source
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