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REIT British Land Drops £103M On UK Mixed-Use Property

Law360 (February 9, 2018, 4:36 PM EST) -- British Land PLC has picked up a retail, office and residential property in southeast London for £103 million ($142 million), according to an announcement on Friday from the U.K. real estate investment trust.

The deal is for the so-called Woolwich Estate, which has a total of 360,000 square feet, most of which is retail. British Land did not disclose sell-side information in its announcement.

“This acquisition provides a unique opportunity to create a thriving retail-anchored center, benefiting from a mix of uses in an exciting, increasingly...
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