Publications

Transactions - JUNE 21, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Intu Properties buys partner’s stake in U.K. mall

by Andrea Waitrovich

Australia-based Queensland Investment Corp. has sold its 50 percent stake in Intu Merry Hill in Brierley Hill, England, to Intu Properties for £410 million ($601 million).

The site comprises the Intu Merry Hill shopping center, two retail parks, and office and leisure uses along with development land, spanning more than than 229 acres.

Intu acquired its initial stake in Merry Hill in May 2014 for £408 million ($598 million), partnering with QIC, which had acquired its half interest in 2007.

Anchor tenants include Marks & Spencer, Debenhams, Primark, Next, Sainsbury’s and Asda. The shopping center is 96 percent occupied.

 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy