// British Land and Landsec are seeking an £800m asset swap
// Landsec is looking to take British Land’s 50% stake in Meadowhall
British Land and Landsec are seeking an £800 million asset swap in an effort to rebuild their share prices.
The property landlords are in talks to strike a deal that would see the Meadowhall shopping centre in Sheffield change hands.
Landsec is looking to take British Land’s 50% stake in Meadowhall in return for 10 of its retail parks.
READ MORE: Landsec secures additional 25% stake in Bluewater
Meadowhall, which is jointly owned by British Land and Norwegian bank Norges, was valued at £778.7 million in March 2021.
The retail parks have been valued at £405 million.
British Land has also received planning permission to build a warehouse next to the centre.
In December, Landsec paid £172 million for an additional 25% share of the Bluewater shopping centre.
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