Macfarlanes advises INTU on the £410m acquisition of Merry Hill shopping centre

28 June 2016

Macfarlanes has advised Intu Properties Plc on the acquisition of a 50 per cent stake in the Merry Hill Shopping Centre from QIC for a consideration of £410m.

Intu’s acquisition from QIC, an Australian fund, means that Intu now has 100 per cent control of the ownership structure of the centre and the surrounding land which comprises the Intu Merry Hill shopping centre, two retail parks, office and leisure uses along with development land.  Intu acquired its initial 50 per cent stake in May 2014 from Westfield in a transaction where Macfarlanes also acted for Intu.

The transaction was led by Macfarlanes' head of commercial real estate, Ian Nisse, real estate partner Dan Marriott and corporate partners Graham Gibb and Justin Hope.  It was supported by a firmwide team including: senior solicitors Cate Taylor, Jim Roberts, Karen Maher and Hayley Cole, solicitors Charlotte Youngs, Kirsty Childs, Neetu Chadha, Isabella Dierden-Hunt and Tom Parsons in real estate; corporate senior solicitor Adam Campbell and solicitor Felicity Powell; partner Mark Baldwin and solicitor Sarah Shucksmith advised on the tax aspects, partner Colin Morgan, senior solicitor Paul Keddie and solicitor Giles Butcher on financing matters; and senior counsel Alisa Chhoa and solicitor David Gati advised on the funds side.