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Intu Derby becomes first of 17 centres to be snapped up

Published 11th Sep 2020

Intu Derby has become the first of 17 Intu shopping centres to change hands since its parent company failed to agree terms with creditors in June.

A firm backed by the London-based Kuwait Investment Office has taken full ownership of Intu’s Derby shopping centre.

The move comes after Cale Street Investments paid £186.3 million last year for a 50 per cent stake in the unit, though the price paid for the shopping centre remains disclosed.

You can read the full Retail Gazette article here: https://www.retailgazette.co.uk/blog/2020/09/intu-derby-becomes-first-of-17-centres-to-be-snapped-up-since-administration/

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