LONDON: Britain’s two biggest property companies, British Land Co Plc and Land Securities Group Plc will sell £750 million (£1=RM5.13) worth of retail assets within weeks, The Times newspaper reported yesterday.
British Land is close to selling a 50 per cent stake in the Meadowhall shopping centre, Sheffield, for about £550 million to a joint venture between an Abu Dhabi fund and Aim- listed London & Stamford Ltd, while Land Securities is nearing completion of a deal to offload a one-third stake in the Bullring shopping centre in Birmingham to an Australian government fund, for £200 million.
By Reuters
Thursday, January 29, 2009
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