St Modwen sells in Wembley

St. Modwen has agreed the sale of its Wembley Central shopping centre to an undisclosed buyer.

St Modwen had developed the Dexter Moren Associates designed 118,000 sq ft shopping centre and 86-bed Travelodge on top of Wembley Central station, completing in 2012. 

Mark Allan, Chief Executive, St. Modwen, said: “(This sale is) in line with our strategic objective to increase our portfolio focus on assets with better structural growth characteristics and our intention to sell £100-150 million of retail and small assets during 2018.”

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