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London & Stamford to Sell $2 Billion U.K. Mall Stake, Times Says

Jan. 15 (Bloomberg) -- London & Stamford Property Plc is selling its stake in U.K. shopping center Meadowhall, the Sunday Times reported, without saying where it got the information.

London & Stamford, which owns half of Meadowhall with a Middle Eastern partner, asked Savills Plc to start marketing the property in the next few months with a price tag of more than 1.6 billion pounds ($2.5 billion), the Sunday Times said. British Land Co., which owns the rest of Meadowhall, is also considering selling, the newspaper reported.

To contact the reporter on this story: Michael Patterson in London at mpatterson10@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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