SHEFFIELD, UK-Norges Bank Investment Management (NBIM), which manages the Norwegian Government Pension Fund Global, has acquired 50% stake in Meadowhall Shopping Centre for GBP 348 million. The fund bought the stake in the 1.5-million-square-foot shopping center from a joint venture between Green Park Investments and London & Stamford Property.
Meadowhall, which comprises 219 shops, 30 catering units, 53 kiosks and an 11-screen theater, is situated on the border of Sheffield. British Land will operate the retail center for the partnership. For the full story, go to Europe Real Estate .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
