Arsenal owner Stan Kroenke is reportedly keen on adding another property to his portfolio in the United States of America.
The Missouri native is said to be 'interested' in buying the Malibu Village shopping centre, which is located on the Pacific Coast Highway in the area of Malibu in California. According to the website CoStar, Kroenke set up a company titled Malibu Village LLC which could hint at an impending move for the property.
Kroenke recently moved the Los Angeles Rams National Football League team from St Louis to the City of Angels back in 2016 and also owns the Los Angeles Gladiators and Los Angeles Guerrillas esports teams. Jamestown, a real estate investment business that is based in Atlanta, is the owner of Malibu Village having bought the shopping centre for $120million back in May 2014.
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Kroenke already has an interest in Malibu with the Malibu Colony Plaza among the properties in his portfolio as well as a house in the area. Malibu Village is said to have attracted 'global attention' due to its name and the fact it is based in an area that is affluent.
Kroenke is adding to his collection of real estate interests having paid $325million to acquire The Village, a mall in the San Fernando Valley in December last year before purchasing a mall and office block in the Woodland Hills area. He has also overseen the development of the Hollywood Park residential site in Inglewood in California.
Kroenke controls the Gunners through his vast sports empire, Kroenke Sports & Entertainment, which also owns the National Basketball Association side Denver Nuggets as well as the National Hockey League team Colorado Avalanche. The Major League Side Colorado Rapids are also under the ownership of KSE as well as a vast amount of sports real estate.
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