A RETAIL park in Huddersfield looks to be in line for a new owner.
Speculation surrounds Great Northern Retail Park at Leeds Road, which is home to several major stores, including Next, JJB Sports and Homebase.
It is understood that Scottish Widows Investment Partnership, which owns the site, is in talks to sell the retail park for about £50m.
Property pundits claim the potential buyer is US-based LaSalle Investment Management, which has a UK office in London.
A spokeswoman for SWIP declined to confirm the claims. She said she was unable to comment at this stage, but expected to be able to make a statement early next week.
No-one was available to comment at LaSalle Investment Management.
Other tenants at Great Northern Retail Park include Pets at Home, Sports World, Carpetright and First Choice.
Together they provide employment for hundreds of people.
The retail park, which opened in October 1997, was built on the site of the old Leeds Road cattle market, abattoir and bus garage.
Owner SWIP, part of the Lloyds Banking Group, is one of Europe’s largest asset management companies and has offices in London and Edinburgh.
It manages funds worth almost £150bn for UK and international clients, investment trusts, financial institutions and pension funds – with investments in property, shares, bonds and cash.
US-based LaSalle Investment Management, is one of the world’s leading property investment managers with almost 700 employees in 16 countries.
Its clients include public and private pensions funds, insurance companies, governments and private individuals.