Joint venture sells Meadowhall share
8th October 2012
LONDON & Stamford and Green Park Investments have sold their share in the Meadowhall Shopping Centre in a deal valuing the complex at £1.53bn.
The joint venture has sold its 50% share in the freehold of the Centre to Norges Bank Investment Management which oversees the Norwegian Government Pension Fund.
The deal will give the joint venture net proceeds of £307.9m, amounting to a profit of £155.9m on its acquisition in 2009.
Raymond Mould, chairman of London & Stamford, said: "We are d......for the full story register now for free or login below...
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