By Ross Larsen
Dec. 30 (Bloomberg) -- British Land Co. Plc, the U.K.’s second-largest real estate investment trust, purchased a 50 percent stake in two shopping centers from Segro Plc for 26.9 million pounds ($42.7 million) to expand its retail holdings.
British Land acquired Segro’s stake in a joint venture with retailer Tesco Plc in the Surrey Quays Shopping Centre in southeast London and the Clifton Moor Retail Park in York, the London-based company said today in a statement.
