Issue 2010 January 05th

This issue was created on 2010-01-05 09:56:00

  • British Land snaps up Segro’s last retail assetsJanuary 5, 2010
Two of the UK’s biggest REITs signalled markedly different property strategies in the final days of 2009 as British Land, the UK’s second-largest real estate investment trust, purchased a 50% stake in two shopping centres from fellow REIT Segro. The £26.9m deal to expand British land’s retail holdings also saw industrial specialist Segro completely exit the retail sector.
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