Glenn Maud’s PropInvest is in talks to buy Prupim’s Mander Centre in Wolverhampton for around £150m
PropInvest is understood to have won the bidding to buy the 500,000 sq ft (46,450 sq m) 1960s shopping centre.
The deal follows Maud’s purchase of the £405m, 1.4m sq ft (130,060 sq m) East Kilbride shopping centre from British Land and Land Securities' partnership this month and the £76.5m purchase of the Gate leisure scheme in Newcastle.
PropInvest is also thought to be bidding for HSBC’s headquarters in the City of London.
The sale by Prudential is the last in its recent £500m sell-off of retail assets, which began before Christmas.
It is selling its West Orchards shopping centre in Coventry to modus and it sold its Knightsbridge Green block to Lancer Asset Management at the beginning of the year for around £185m.
