Completion of the acquisition of the remaining 50 per cent of the Merry Hill Estate
intu properties plc (“intu”) announces that it has completed the acquisition with the Queensland Investment Corporation (“QIC”) to acquire the remaining 50 per cent of the Merry Hill estate for £410 million before expenses. This represents an income yield of 5.2 per cent, based on net rental income of £43 million.
2016 - Media Team Retailp.com