Bullring owner set to buy rival to create £21bn company
The owner of Birmingham's Bullring and Grand Central shopping centres has announced plans to acquire rival retail property group intu - owner of the Merry Hill Shopping Centre - in a move that will create a £21bn company.
Hammerson, which owns other shopping centres in Stoke-on-Trent and the East Midlands, released a statement this morning saying the deal would "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 consume... 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...
