William Ewart Sells £92M London Mall

William Ewart Properties has sold Royal Victoria Place shopping centre in London to U.K. operator Network Rail.

William Ewart Properties has sold Royal Victoria Place shopping centre in London to U.K. operator Network Rail, Reuters reports. The Northern Irish property firm has obtained a total of £91.8 million from the sale. The buyer is planning to redevelop the mall to reduce congestion in the station. William Ewart acquired the shopping centre in 2007 for £92.5 million in a transaction funded by Ulster Bank, adds BBC News.

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