U.K. Mall Sale Lures Sovereign Wealth Funds, Times Reports
The sale of Meadowhall shopping mall near Sheffield, northern England, has attracted interest from the sovereign wealth funds of Australia, China, Norway and Singapore, the Sunday Times reported.
Canada Pension Plan Investment Board, Oxford Properties (OXG) Group Inc. of Ontario Municipal Employees Retirement System, and South Korea’s National Pension Service have also expressed interest, the newspaper reported, without saying where it got the information. Owners London & Stamford Property Plc (LSP) has put up its entire 50 percent stake for sale and British Land Co. (BLND), which aims to keep managing the facility, is offering a 25 percent holding, according to the Sunday Times.
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