As UK-targeted M&A soars, £3bn deal for shopping centre owner remains in play

Real Estate

Former Investment Banking Editor

A consortium including property investment giant Brookfield has been given yet more time to weigh up its near-£3bn offer for a UK shopping centre group.

Intu Properties, which owns shopping centres including the Trafford Centre in Manchester and Lakeside in Essex, said that the UK’s Takeover Panel has granted a third extension to suitors Brookfield, the Olayan Group of Saudi Arabia, and property investor Peel Group, which is chaired by John Whittaker, also deputy chairman of Intu.

Brookfield given more time to weigh takeover of Intu Properties

Brookfield’s Intu takeover rumbles on with second extension

Tim Burke

Intu Properties

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