for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Cale Street takes full control of Intu Derby shopping centre

Sept 9 (Reuters) - Joint administrators of Britain’s Intu Properties said on Wednesday Cale Street Investments (CSI) has taken full ownership of the company’s Derby shopping centre, the first in Intu’s portfolio to change hands after it went into administration.

CSI paid 186.3 million pounds last year for a 50% stake in the shopping centre, located on the East Midlands. (Reporting by Samantha Machado in Bengaluru; Editing by Vinay Dwivedi)

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up