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Gloucester Quays, Cabots Circus and Cribbs Causeway owners become part of £21blln super company

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Written by: Andrew Merrell | Posted 06 December 2017 9:49

Gloucester Quays, Cabots Circus and Cribbs Causeway owners become part of £21blln super company

A massive deal will created a new property company valued at £21blln – which includes the owner of Gloucester Quays and the business which created one of the city’s other key retail parks.

News broke this morning that Hammerson, the company which created and owns the 224,450sq ft St Oswalds Retail Park, the former cattle market, has made a £3.4blln offer for intu Properties (Corr).

The Peel Group, the parent company of Gloucester Quays manager Peel Lifestyle Outlets, will have a 15 per cent stake in the new super company.

The Peel Group's owner and deputy chairman of intu, John Whittaker, will become deputy chairman of the new enlarged business.

Intu now owns shopping centres in the UK including The Mall, Cribbs Causeway, Lakeside, Essex, Merry Hill, West Midlands, Metrocentre, Gateshead, Milton Keynes, Potteries, Uxbridge, Victoria Centre, Nottingham, Watford, Manchester Arndale and St David's, Cardiff.

Intu also owns the Trafford Centre in Manchester and part-owns the city’s Arndale centre, a joint venture with M&G.

As well as St Oswalds Hammerson also owns Cabot Circus in Bristol (pictured above), the Bullring in Birmingham, and Victoria Quarter in Leeds.

 

 

 

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