Mon, 25 Oct 2010 | COMMERCIAL PROPERTY
The planned Westfield shopping centre in Stratford, east London, is to be part sold to a new fund backed by some of the world’s largest property investors.
The £1.5 billion mall, which forms the gateway to the 2012 London Olympics, is owned by Australian retail developer Westfield. Upon completion towards the end of next year, it will be the second largest shopping centre in the UK – at 1.9 million square metres - after Westfield at White City.
Westfield is currently in 'advanced talks' to sell a stake of as much as £750 million to the fund, which is being set up by Henderson Global Investors and will create a structure open to a group of major clients.
If the deal goes ahead, it will reduce the risk of development for Westfield, which is out on a limb in a tough financial climate – something which has stopped rival's projects.
Westfield Stratford will comprise 300 retail shops, including John Lewis and Waitrose, alongside a Vue cinema, 1.1 million square foot of office space and two hotels. The shopping centre is tipped to open in September next year.
Westfield is also reportedly considering restarting work on certain other UK schemes, potentially with investment partners to share the risk.
Here's a rare chance to acquire a financially robust builders merchants business with a strong foothold in Merseyside.
A well-established UK distributor renowned for high-quality bicycle components and accessories, serving both retail and trade customers nationwide, is available for acquisition.
This well-established specialist glazing business in Derbyshire boasts over 30 years of success, supported by a well-presented showroom and ample storage.
|
27
|
|
Jun
|
Carlisle construction firm saved from potential insolvency by acquisition | BUSINESS SALE
Carlisle-based construction contractor Cubby Construction ha...
|
27
|
|
Jun
|
Construction services provider acquires roof maintenance firm | BUSINESS SALE
Construction and facilities management services provider Pre...
|
27
|
|
Jun
|
Administrators exploring options after collapse of computer hardware firm | ADMINISTRATION
A computer hardware company based in Nottingham has fallen i...
|
27
|
|
Jun
|
Labour supply company acquired by listed firm in £15.7m deal | BUSINESS SALE
Advantage NRG, a specialist labour supply company that serve...
|
27
|
|
Jun
|
Administrators exploring options after collapse of computer hardware firm | ADMINISTRATION
A computer hardware company based in Nottingham has fallen i...
|
27
|
|
Jun
|
Construction services provider acquires roof maintenance firm | BUSINESS SALE
Construction and facilities management services provider Pre...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.