Redwood client, Dutch REIT,Wereldhave has announced to the press that it has agreed to purchase Ealing Broadway shopping centre in London from Legal & General Property for a gross price of £155.5m and sold Towers business park in Manchester to The Moorfield Group for £47m.

The purchase of Ealing Broadway Shopping Centre is the second prominent purchase Wereldhave has made in the last 12 months, following the acquisition of the Dolphin shopping centre in Poole at the end of 2010.

This high-profile deal and the sale of Towers business park is part of Wereldhave’s continuing strategy to develop and strengthen its UK retail portfolio and we are looking forward to working with Wereldhave as it continues to enhance and develop its assets.