Multiplex is thought to be preparing to sell a portfolio of UK investments for about £70m to the Reuben brothers.
The portfolio includes a 25% stake in the Rushmere Centre, in Northern Ireland, a 25% stake in a development in Paddington, a 25% stake in a site at St Enochs shopping Centre, in Glasgow and an 8.5% holding in Stockley Park, near Heathrow.
The stakes targeted represent the majority of the Australian construction company’s investments in a joint venture held with the Reubens called R&M Investments.
References: The Times 18/05/03 page 46 (Need to know), page 54
