Intu Properties A$795 million acquisition of 50% interest in Merry Hill

21/6/2016

Private acquisition

Value:

A$ 795 million

Status:

Completed

Date:

21/6/2016

Overview:

Intu Properties has acquired a 50% stake in the Merry Hill Shopping Centre in the West Midlands near Birmingham for A$795 million from QIC International Property Fund.
The exit sees QIC selling its final UK asset.

Sam Duke - Editor

Jurisdictions:

Australia
United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Real estate

Firms:

Herbert Smith Freehills

Party: QIC International Property Fund (Seller)

Lawyer: David Stitt

Hogan Lovells

Party: QIC International Property Fund (Seller)

Lawyers: Sian Owles, Tauhid Ijaz

Macfarlanes

Party: Intu Properties (Acquirer)

Lawyer: Justin Hope

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