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British Land Co PLC (BLD.HA)
- The Guardian
British Land sells stake in Sheffield’s Meadowhall shopping centre for £360m
Norway’s sovereign wealth fund to take full control of the largest shopping centre in Yorkshire
- Reuters
British Land sells 50% stake in Meadowhall Shopping Centre for $457 million
High interest rates and incessant macro-economic worries have dampened a tentative recovery in the highly leveraged British commercial property sector from pandemic lows, while the office space portfolio has struggled amid evolving work habits. British Land said some secondary land was sold by the joint venture earlier this year and the two deals together value the Meadowhall estate at 734 million pounds, 3% above its September 2023 book value. As part of the transaction, British Land will remain as asset manager of Meadowhall shopping centre, for which it will continue to earn fees, the company said, adding that the deal is expected to complete in July this year.
- Yahoo Finance UK
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