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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

British Land sells stake in Sheffield’s Meadowhall shopping centre for £360m

British Land Sheffield Norway Yorkshire
Glass dome exterior of Meadowhall shopping centre
Meadowhall was valued at £734m in the deal. Photograph: Mark Richardson/Alamy

The property developer British Land has sold its 50% stake in the Meadowhall shopping centre in Sheffield to Norway’s sovereign wealth fund in a £360m deal, ending its holding in the site after 25 years.

Norges Bank Investment Management will take full control of the shopping centre, the largest in Yorkshire. It already owned 50%, having first invested in 2012.

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