British Land sold its 50% stake in Sheffield's Meadowhall shopping centre to Norway's sovereign wealth fund for £360m.
British Land has sold its 50% stake in Sheffield's Meadowhall shopping centre to Norway's sovereign wealth fund for £360 million, ending its 25-year ownership of the site. The sale is in line with British Land's strategy to shift away from covered shopping centres and invest more in retail parks. The transaction is expected to close in July, with British Land remaining as the asset manager of Meadowhall.
May 20, 2024
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