Owner of Trafford Centre and Arndale to be sold for £3.4bn
Intu, the owner of Manchester’s Trafford Centre and Arndale shopping complexes, is to be sold for about £3.4bn in a move that will create a £21bn company.
London-based property development and investment company Hammerson said the deal will “create a pan-European portfolio of high-quality retail and leisure destinations, with enhanced exposure to high-growth markets and which will benefit from evolving consumer trends”.
Hammerson said that as part of the deal some properties would be sold, which would result in a £2bn w... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
