Monday
18 December 2017
ADVERTS

Hammerson places bid to acquire rival Intu

07 December 17 - Irene Theofanidou
Hammerson places bid to acquire rival Intu

COMPANIES

PEOPLE

Hammerson is set to become the UK’s largest listed property company after proposing a £3,4billion takeover deal for rival Intu.

 

The merger would give Hammerson control of almost all of the UK’s prime retail stock: it already owns centres ­including the Bullring in Birmingham and Bristol’s Cabot Circus, but would add the Trafford Centre, Merry Hill and the Metrocentre to its books.

According to the telegraph, the combined group will have a £21billion portfolio of retail and leisure properties in the UK, France, Spain and Ireland, as well as stakes in a number of outlets including the popular Bicester Village.

Comments

You must be logged in to make a comment
WAVE MEDIA OPERATIONS IKE © 2001-2017
Internet Business Hellas