Owner of Victoria Gate swoops for rival Intu
Shopping centre owner Hammerson, which last October opened the Victoria Gate in Leeds, is to buy rival Intu - creating a £21bn company.
In a statement released this morning, 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 windfall for the company.
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