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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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