Property group St Modwen is disposing of more than a quarter of its shopping centre portfolio as a downturn in British retail continues to bite.
The landlord is selling its 220,000 square foot Longbridge Shopping Park in Birmingham to Zurich Assurance for £54m.
It has also exchanged contracts to sell its 118,000 square foot Wembley Central shopping centre to an undisclosed buyer.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
