Capital Shopping Centres has emerged as a potential buyer of the 50% stake of Croydon’s Whitgift shopping centre.
Managing director John Abel said the Liberty International subsidiary was “looking at Whitgift. Croydon has been something that we have always kept an eye on, but I cannot say whether we will make an offer”.
The Whitgift Shopping Centre Partnership put its 50% share of the 550,000 sq ft (51,100 sq m) shopping centre on the market through Colliers CRE last month for £200m, representing a 6% yield.
Minerva has also joined the list of potential purchasers, which now includes British Land, Land Securities, Hammerson, Multiplex, Scottish Widows and Standard Life.
Royal London, which already owns 25% of the scheme, is also said to be looking to increase its stake.
References: EGi News 21/02/05
