Westfield, the shopping centre developer, is undertood to have sold its Bradford site to European fund manager Meyer Bergman.
The abandoned 23-acre site was mothballed by Westfield, which owns the shopping centre in Stratford and its Westfield London mall in Shepherd’s Bush, in 2008 after the redevelopment was hit by the recession. It has left a hole in the city centre for four years.
Over the past year Westfield had attempted to restart the scheme. It reignited discussions with retailers last year and resubmitted a planning application for the scheme, which comprises 550,000 sq ft of retail and leisure space.
In August this year, it was reported the developer was mulling a sale.
It is believed the deal will be completed within the next two weeks, enabling construction to begin, said The Times.