8th Oct 2013 10:22
LONDON (Alliance News) - British Land Company PLC and Land Securities Group PLC Tuesday said they have agreed to sell their two Aberdeen shopping centres to F&C REIT Property Asset Management PLC for GBP189 million.
The deal for Bon Accord and St Nicholas shopping centres will be carried out through The Scottish Retail Limited Partnership, a 50-50 joint venture between the two FTSE 100 property firms.
The 460,000 sq ft scheme comprises 75 retail units and 1,400 car park spaces, positioned between a 200,000 square foot John Lewis store and a 110,000 sq ft Marks & Spencer store.
British Land shares were trading at 572.50 pence Tuesday, down 3.00 pence or 0.5%.
Land Securities shares were trading at 913.00 pence Tuesday morning, down 1.50 pence or 0.2%
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
British LandLand Securities