Land Securities has today completed the sale of its 50% stake in Cabot Circus, Bristol, to AXA Real Estate for £267.8m.
The REIT had previously owned the 1.4m sq ft shopping centre in a 50:50 joint venture with Hammerson.
Hammerson will retain its share in the property following the deal, which was first announced in August.
Cabot Circus, which opened in 2008, is one of the UK’s largest retail-led urban regeneration projects. The development includes around 150 shops, leisure, parking, hotel, residential and student accommodation.
