Hammerson snaps up shopping mall rival to become UK's top property firm

Intu merger deal makes Brent Cross and Bullring owner a £21bn company as it expands shopping centre empire

The owner of Birmingham’s Bullring shopping centre has agreed to buy the company behind the Lakeside mall in Essex in a deal that will create Britain’s biggest property company worth £21bn.

Hammerson, which also owns the Brent Cross shopping centre in London, is acquiring smaller rival Intu in a £3.4bn deal.

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from Mergers and acquisitions | The Guardian http://ift.tt/2AXKI9s