Edition:
United Kingdom

Intu Properties confirms talks with Australia's QIC over Intu Merry Hill deal


Thursday, 16 Jun 2016 

Intu Properties Plc : Response to media comment . Intu confirms that it is in advanced discussions with QIC regarding potential acquisition of QIC's 50 per cent interest in Intu Merry Hill in West Midlands . If acquisition were to proceed, consideration is likely to be around 410 million pounds and would be funded through a combination of new debt and existing resources . Whilst discussions are ongoing, there can be no certainty that any transaction will be undertaken. .Acquisition would be funded through a combination of new debt and existing resources.