Is UK Real Estate Back in Vogue With Global Investors? ...Middle East

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Is UK Real Estate Back in Vogue With Global Investors?
The tipping point in UK real estate may have been reached: British Land has reportedly put the Meadowhall mall in Sheffield, in the North of England, up for sale. A price tag of £750 million is likely attached. Meadowhall is an 1.5-million-square-foot mall that is 98% occupied and anchored by Marks & Spencer and Primark. The owners say its footfall is 24 million people a year. There have been no outright sales of super-regional UK shopping centres – those with three or more anchors that are also bigger than 800,000 square – for several years and no sales of UK property in any sector above £500 million in 2023. That is largely thanks to the depressed investment market that has been in place

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