Search
 

Westfield, Hermes Sell Brunel Centre for $250M

SWINDON, ENGLAND-Acquired by the Capital and Income Trust Group of Companies, the two-level shopping center comprises 550,000 sf and can grow by an additional 355,000 sf.

By Brian K. Miller | Updated on March 18, 2005

For more retail coverage, click GlobeSt.com/RETAIL.

SWINDON, ENGLAND-Publicly held Westfield Group and Hermes Property Asset Management Ltd have sold Brunel Centre in Swindon to for GBP$130 million (US$250 million). Brunel Centre is a two-level shopping center with 550,000 sf of retail space and planning consent for an additional 355,000 sf. The new owner is the Capital and Income Trust Group of Companies. The sale follows Westfield’s acquisition of Duelguide plc, the unlisted company that acquired the formerly listed Chelsfield plc.CB Richard Ellis acted as agents for Westfield and Hermes. Westfield Group is the eighth-largest entity listed on the Australian Stock Exchange with a market capitalization of GBP$12 billion (US$23 billion) and an investment portfolio of 126 shopping centers. Hermes Property Asset Management Ltd is a UK-based independent fund manager that holds approximately GBP$4 billion in assets.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.