Linklaters bags Lend Lease’s sale of shopping centre stake

Linklaters has advised Lend Lease on the sale of its interest in the Chapelfield Shopping Centre in Norwich to Capital Shopping Centres for a consideration in excess of £260m. The Chapelfield centre is Lend Lease’s fifth major retail development to be completed in the UK and Europe since Bluewater in 1999. At 530,000sq ft, it is the largest retail scheme to open in the UK this year. Lend Lease was advised by a Linklaters team led by real estate partner Martin Elliott, who was assisted by Keith Waine, Jane Summerfield and Mark Crossley. on real estate matters.