Guardian’s new owner, Scottish Equitable, has received an offer at a 10% premium for its £25m-plus stake in Kent’s Bluewater Shopping Centre.
But the offer could yet be trumped by one of the 18 retail fund partners, which have first call on any new equity. They have until the end of the week to make an offer.
Ian Cockburn, fund manager for the Lend Lease Retail Partnership, said: “It is encouraging because people have questioned the liquidity of these partnerships, but if this goes through it demonstrates there is a good secondary market for this type of holding.”
Equity Partnerships is marketing Scottish Equitable’s stake.
EGi News (28/07/00)
