LONDON (dpa-AFX) - British Land Co Plc. (BRLAF.PK, BTLCY.PK, BLND.L) said that it has exchanged contracts for the sale of 334-348 Oxford Street, London to a private investor for 400 million pounds.
The asset is a seven storey building located near Bond Street Underground Station in London's core West End shopping district. The building is let in its entirety to Debenhams until 2039.
In addition, British Land has exchanged on 99 million pounds of further Retail disposals since 31 March 2016, including 79 million pounds of superstores, 3.1% ahead of March valuations. These transactions bring total Retail disposals since the year end to 499 million pounds.
Copyright RTT News/dpa-AFX