Edition:
United Kingdom

Intu Properties buys remaining 50 pct of Merry Hill Estate


Friday, 17 Jun 2016 

Intu Properties Plc : Acquisition of remaining 50 per cent of merry hill estate for £410 million . Deal represents an income yield of 5.2 per cent, based on net rental income of £43 million. .Acquisition, which is scheduled to complete shortly, is expected to be earnings accretive from completion.