The Crown Estate has sold a 50% stake in the Westgate Centre, Oxford to Land Securities just after completing the purchase of the centre from Capital Shopping Centres for £56 mln. Land Securities is now buying a 50% interest in the complex for just over £28 mln (EUR 33 mln), representing a yield of 6.75%. The property will be jointly held in a new Limited Partnership.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
