Land Securities is to test the fragile property investment market with the sale of one of its largest holdings, in the Bullring shopping centre in Birmingham. Financial Times
The sale of one-third of the 1.2m sq ft landmark shopping centre in Britain’s second city is expected to attract bids of more than £300m.
The 40-acre Bullring was Europe’s largest city centre regeneration project and a model for retail-led city centre developments.
The Bullring has not been given an official price but property agents estimate that the development is valued at about £1bn in total.