Real estate investment manager Meyer Bergman and US property investor Thor Equities have acquired Burlington Arcade in London's West End, for £104 mln (EUR 117 mln). The acquisition has been made through what is initially an 80/20 joint venture, but which provides Thor with an option to increase its stake in the JV to 50% by summer 2011.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
