Hammerson buys Intu

Hammerson has agreed to buy Intu Properties for about £3.4bn, creating a £21bn shopping mall giant, and bringing Uxbridge’s shopping mall under the same ownership as Brent Cross.

Intu also own a mall in nearby Watford, so the company will have significant local critical mass. Nationally, the group will own or partially own 17 of the UK’s biggest 25 centres. Hammerson’s management will take over the running of the combined business.

 

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