British Land Interested in Central London Properties
UK’s largest real estate investment trust is looking at lucrative investment opportunities in Central London real estate markets. The trust, British Land, is making a serious move to invest here following an increase in quarterly asset values for the last 2 years.
British land is looking to acquire about £2.5b worth of property here. It is already reviewing some deals which total 500 million pounds including the Glasgow Silverburn shopping centre. A further 2bn pound investment is also likely to take place soon after properties under consideration are finalized. The Chief executive Of British Land, Chris Grigg confirmed that a lot of new deals are in the making now for British lands which has now gained the funds to make serious investments. The funds arose from a recent sale of two of the largest assets of the company- Meadowhall shopping complex and Broadgate offices.
Chief Executive Mr Grigg, stated that the company is now looking at a few bids of about £500m in property including land that makes up the Glasgow Silverburn shopping centre. He also said that there are an additional amount of £2bn investments under consideration by the company. New investments will be undertaken in phases over the next two years with initial fund of £1bn used to acquire retail properties located in prime central London area - (click for desk space
With the rights issue to the tune of £740m having been settled earlier this year,
