Norges Bank Acquires Full Ownership of Meadowhall Shopping Center
British Land exits after 25 years, marking a significant shift in retail real estate strategy
- The $457 million deal gives Norway's sovereign wealth fund complete control of Meadowhall.
- British Land is refocusing on retail parks, campuses, and urban logistics.
- Meadowhall, one of the UK's largest malls, has faced valuation drops since the pandemic.
- The shopping center, opened in 1990, has nearly 300 stores and 50 restaurants.
- British Land will continue as Meadowhall's asset manager despite the sale.
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