Nabarro and Jones Day have advised on British Land's sale of 50% of its stake in Sheffield's Meadowhall shopping centre for £587.7m. The deal saw British Land turn to Jones Day for advice as it set up a 50:50 joint venture partnership for the freehold interest in Meadowhall with London & Stamford Property and an uni-dentified joint venture partner. The firm's co-head of real estate, David Roberts, and corporate partner Giles Elliott took lead roles on the transaction, which values Meadowhall at £1.175bn, with the purchase price including a £170m cash consideration.
February 18, 2009 at 10:43 PM
1 minute read
The original version of this story was published on Legalweek
Nabarro and Jones Day have advised on British Land’s sale of 50% of its stake in Sheffield’s Meadowhall shopping centre for £587.7m.
The deal saw British Land turn to Jones Day for advice as it set up a 50:50 joint venture partnership for the freehold interest in Meadowhall with London & Stamford Property and an uni-dentified joint venture partner.
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