Scottish Widows Investment Partnership is in advanced discussions to buy the Broadwalk shopping centre in Edgware, London.
The fund manager is set to acquire the 195,000 sq ft mall for around £68m – a circa 6% yield – from the Carlyle Group and Bride Hall.
The investors have been in discussions with prospective retailers for a proposed supermarket extension at the Broadwalk shopping centre.
The pair brought the scheme to the market last October. It is one of three schemes it acquired from the Mall Fund in 2008 for £286m. The other schemes were The Mall Chester and The Mall Epsom.
Strutt & Parker is acting for the Carlyle Group and Bride Hall; Cushman & Wakefield is advising SWIP.
All parties declined to comment.
annabel.dixon@estatesgazette.com
