British Land is in pole position to buy the bulk of Dutch company Wereldhave’s UK assets.
The UK REIT is understood to be in advanced discussions to buy the 407,100 sq ft Ealing Broadway shopping centre, W5, and a raft of high street shops for around £180m.
As revealed by Estates Gazette, Wereldhave quietly approached a number of investors with the opportunity to buy the Ealing mall and 530,000 sq ft Dolphin shopping centre in Poole, Dorset, in November.
Wereldhave is already disposing of its non-core assets in the UK.
The firm bought the Dolphin centre from Grosvenor for £80m in 2010 and Ealing Broadway from Legal & General Property for £155m in late 2011.
Cushman & Wakefield is advising Wereldhave.
BL declined to comment.
annabel.dixon@estatesgazette.com
