Brookfield among investors eyeing Intu Properties takeover: Reuters
A consortium comprised of the real estate investment arm of Canada's Brookfield Asset Management, British privately owned investment firm Peel Group and Saudi conglomerate Olayan Group is considering a possible cash offer for Intu Properties, Reuters reported. The offer is for the share capital of Intu not already owned by consortium members. The group has until November 1 to make a firm offer. Intu is a £2 billion (US$2.6 billion) U.K. owner and operator of shopping centres. Like other property businesses, it has been hit by tough conditions in the U.K’.s retail sector this year that have forced a number of shopping chains to collapse.
4 October 2018•2 mins read
