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British Land Company PLC Sells Stake In Puerto Venecia, Zaragoza, Spain

Thursday, 17 Oct 2013 02:00am EDT 

British Land Company PLC announced that it has sold 50% interest in Puerto Venecia Shopping Centre and Retail Park in Zaragoza, Spain, to Orion European Real Estate III C.V. (a fund managed by Orion Capital Managers) for EUR144.5 million (BL share). The asset was previously owned in a joint venture partnership with them. Puerto Venecia comprises a 890,000 sq ft (82,600 sq m) retail park which opened in 2008 and a 1.4 million sq ft (130,000 sq m) fashion and leisure phase which opened in October 2012. 

Company Quote

-9.5 -1.13%
12:07pm EDT