Google Yahoo! Myspace YouTube Facebook Live eBay Wikipedia Craigslist Blogger Amazon Go CNN ESPN New York Times Weather About MapQuest Apple Ask Wal-Mart Chase Cnet Bank of America CareerBuilder
Meyer Bergman Pays $196 Million for 50% Stake in London Mall
|
Bentall Centre mall, London
(LONDON, ENGLAND) -- Believing the commercial real estate market in London is turning positive again, Meyer Bergman Group has bought a 50 percent stake in a London mall for 130 million pounds ($196 million USD) from Aviva (AV.L),
The privately held real estate investment firm cited good value in the United Kingdom retail market, even after a run-up in values, Reuter reports.
In a prepared statement, the company, formerly part of the Dutch MAB Group, said it will undertake asset management initiatives at the Bentall Centre, in south-west London, in partnership with Aviva Investors Global Services.
"We believe that despite the increases in value seen in the last quarter of 2009 and early 2010, the UK retail market still offers good value," says Meyer CEO Markus Meijer.
Meijer says the transaction "provided (Meyer Bergman) a disciplined approach to assessing acquisitions." He says the partners will work to install " a proactive asset management strategy" in the property.
In a prepared statement, the company, formerly part of the Dutch MAB Group, said it will undertake asset management initiatives at the Bentall Centre, in south-west London, in partnership with Aviva Investors Global Services.
"We believe that despite the increases in value seen in the last quarter of 2009 and early 2010, the UK retail market still offers good value," says Meyer CEO Markus Meijer.
Meijer says the transaction "provided (Meyer Bergman) a disciplined approach to assessing acquisitions." He says the partners will work to install " a proactive asset management strategy" in the property.
Categories
Newsletter
Get each new article from
New York
Your email:
Latest
Mets edge Pirates in Dickey's 11-strikeout gameNew York Seizes Control of Horse-Racing BoardNew York City to get first major natgas line in 40 yearsNew York Taxi Drivers Unsure They Will See Benefits of a Fare HikeNew York Tops London With A Million Dollar Parking SpaceAmerican Idol: Will Jessica Sanchez's Bad Original Song Cost Her The Title?Egyptians to vote in historic presidential electionNorth Korea says it will 'expand' nuclear program in face of U.S. 'hostility'Iran's Ahmadinejad to visit China to discuss nuclear issueRomney adds to delegate lead with win in Kentucky
Tags
Popular
New York cops bust 45 in 'Supreme Team' drug crackdownNew York Tattoo Convention lands at Roseland Ballroom with up to 200 artistsREVEALED: A look inside Britain's most exclusive apartment block as £65m flat at One Hyde Park goes up for saleSenators take aim at Facebook co-founder, who will skip taxes by renouncing citizenshipNew York City Plans to Offer Buyouts to Idled TeachersBeastie Boys' Adam Yauch Honored by New York Senate$90M midtown penthouse tops mark for priciest New York City apartmentDonna Summer, Disco Queen, Dead at 63Popular Antibiotic May Raise Risk of Sudden DeathCalifornia expects Facebook boost
Comments
New York, NY |
|
