London Olympics 2012: the real gold could be in property - Telegraph
When Westfield, the Australian property company, agreed to sell a 50pc stake in its new Stratford City shopping centre last month it raised £871.5m – the highest price ever paid for a piece of retail property in the UK.
The prospect of creating a lasting legacy from the Olympics has attracted many doubters, but this deal, struck with the Canada Pension Plan Investment Board and Dutch investor APG, shows the willingness of the private sector to invest in the area, and the price they are willing to pay.
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