Real Estate
St Modwen has sold the 495,000sqft shopping centre to Crosstree’s affiliate Edmonton Green. : Crosstree Real Estate Partners is buying the Edmonton Green shopping centre in north London for £72.0m (€81.5m) from St. Modwen Properties. London-listed St Modwen said it has agreed to sell its long leasehold interest in the 495,000sqft shopping centre to Edmonton Green Limited, an affiliate of Crosstree. St Modwen said the £72.0m disposal price represents a small premium to the £70.2m book value of the asset as at November last year. The shopping centre is currently 96% let to more than 160 tenants.

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