Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Intu acquires remaining shares of Merry Hill estate

Shopping owner Intu has agreed to acquire the remaining 50% of Merry Hill estate in Birmingham from Queensland Investment Corporation for £410m.

Intu Merry Hill

Intu Merry Hill

Intu Merry Hill

The estate comprises the Merry Hill shopping centre, two retail parks, office and leisure facilities, and development land.

Intu bought the original 50% in 2014 for £408m.

Its average rent is £180 per square foot, below that of Intu Trafford Centre of £425 per square foot and Intu Lakeside at £350 per square foot.

It plans to improve the retail mix through reviewing anchor stores as well as targeting new international and aspirational retailers to open in the centre.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.