BRITISH Land has bought a 50 per cent stake in Bath’s SouthGate shopping centre for £101m.
The property giant, has been on a spending spree since raising almost £1bn in March through its placing and the sale of Ropemaker Place.
In April it paid £48m for Tesco’s 50 per cent stake in Surrey Quays shopping mall and in July it bought a scheme in Paddington for £470m.
Southgate is located in an affluent area of Bath and has more than 18m visitors a year. It is anchored by retailers including Debenhams.