Retail expansion set to boost incomes for Merry Hill owner
Two major retail expansions as the Merry Hill shopping centre during 2018 are expected to provide a major income boost to site owner, intu.
In total, intu is planning to invest around £100m in the site, of which £70m will be spent in the period up to 2020. The investment is an attempt to bring the centre into line with other intu sites, such as Lakeside.
It is hoping that expansions by Primark and Next will not only improve rental income but help increase footfall at the centre.
Rentals took a dip in 2016 with the collapse ... 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...
