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Josh Holland

Arsenal owner Stan Kroenke completes $82m move ahead of summer transfer window

Stan Kroenke Arsenal Gunners Mikel Arteta Malibu

Arsenal owner Stan Kroenke has completed the purchase of Malibu Village for $81.5million, according to reports.

Reports last month indicated that Kroenke was 'interested' in buying the shopping centre, located on the Pacific Coast Highway in the area of Malibu in California. The Gunners owner already owns property in the region, with the Malibu Colony Plaza amongst many in his portfolio.

Now, according to The Real Deal, Kroenke has successfully bought the 51,000-square-foot shopping centre. The purchase means he has now spent over $700m on retail real estate across the Los Angeles market after buying an outdoor shopping mall in Woodland Hills and a defunct indoor mall.

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