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British Land in Talks to Buy Spain Shopping Mall, Expansion Says

May 16 (Bloomberg) -- British Land Co. Plc is in talks to buy a shopping mall in Toledo, Spain, and will commence work on the second phase of a retail park in Zaragoza, Expansion reported, citing people with knowledge of the matter.

The U.K. company is discussing the purchase of the La Abadia shopping mall in Toledo for 65 million euros ($92 million) and will start work on second stage for the Puerto Venecia retail development in Zaragoza, the newspaper said.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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