Westfield sells Derby, Merry Hill and Sprucefield shopping centres to Intu

Westfield The Derby Westfield centre was the company's first UK investment

Related Stories

The first Westfield shopping centre in the UK has been sold as part of a deal worth nearly £600m.

Intu properties has bought the Westfield Centre in Derby, which opened in 2007, for £390.3m.

It also bought the Sprucefield retail park in County Down for £69.8m and Westfield's half share of the Merry Hill centre near Dudley for £407.7m.

Once other parties' shares were deducted, Westfield's share of the £867.8m total was £597m.

'Meld together'

Westfield, which now owns two shopping centres in London and Stratford, put the Derby centre up for sale last year.

Intu's new shopping centres

  • Merry Hill, 10 miles west of Birmingham. has two levels with 214 shop units, including Marks and Spencer, Debenhams and Primark, and attracts about 25 million customers a year
  • Westfield Derby has more than 180 shop units over two levels and a 12-screen cinema. Shops include Argos and BHS
  • Sprucefield in Northern Ireland was originally developed in 2003. It is made up of five retail units, including Next and Marks and Spencer

Intu owns 12 shopping centres in the UK, including Manchester's Trafford Centre and the Potteries in Stoke-on-Trent.

Earlier this year, the London-based firm, which owns Nottingham's Victoria Centre, bought the city's Broadmarsh Centre for £150m.

Leader of Derby City Council Paul Bayliss said: "The first thing we'll do is welcome them to Derby. We'll see what their plans are in terms of investment to the shopping centre and see what they want to do in the future.

"We want to talk about our plans and what we intend to do with the city centre and make sure the two meld together."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Derby

Weather

Derby

18 °C 10 °C

BBC Local Live

  1.  
    News on the hour 09:56: Sally Swinfen Reporter, BBC Radio Derby

    Our lead story in the news at 10:00 on BBC Radio Derby is that there are calls for improved care for the elderly at Burton's Queen's Hospital after the death of pensioner Ethel Sanders in 2011.

    The hospital admitted the quality of care provided was inadequate.

     
  2.  
    Slow traffic on A38 09:50:

    BBC Travel says there's slow traffic on the A38 northbound in Derby between Mickleover and Markeaston Islands in the roadworks area.

     
  3.  
    Share your views 09:36: Sandish Shoker

    What do you think of BBC Local Live? We'd like your feedback about this service.

     
  4.  
    Al-Madinah finances 09:23:

    A BBC Inside Out investigation has found an irregularity in the financial accounts of Al-Madinah school in Derby after one former employee received an unauthorised overtime payment of £12,000.

    Al-Madinah School

    The latest published records at the free school showed the employee has still not repaid the money.

    There will be more on BBC Inside Out at 19:30 on BBC One.

     
  5.  
    Belper boss quits 09:04: Derby Telegraph

    Peter Duffield quit as Belper Town manager following Saturday's 5-1 defeat at Buxton.

     
  6.  
    News on the hour 08:56: BBC Radio Derby

    Hear more in the 09:00 news about calls for improved care for the elderly at Burton's Queen's Hospital after the death of a pensioner.

     
  7.  
    Top headlines
    • Al-Madinah: Calls for fresh inquiry
    • Derbyshire Day: Record turnout
    • Listen: BBC Radio Derby
     
  8.  
    Record turnout for Derbyshire Day 08:49: BBC Radio Derby

    There was a record turnout for Derbyshire Day yesterday with 11,000 people visiting the event we organised at Calke Abbey.

    The annual event showcases some of the great people and produce of Derbyshire.

     
  9.  
    Calls for fresh inquiry at Al-Madinah 08:39: East Midlands Today

    Calls are being made for a fresh investigation into the financial accounts of the Al-Madinah free school in Derby.

    There'll be more on BBC Inside Out at 19:30 tonight on BBC One.

     
  10.  
    Slow traffic on M1 08:22: Derbyshire Times

    Motorists using the M1 southbound between the A617 Heath and the A616 Sheffield are experiencing congestion this morning due to ongoing roadworks.

     
  11.  
    Mainly dry week ahead 08:11: Charlie Slater Weather Presenter, BBC East Midlands Today

    Cold to start in the East Midlands, but there's lots of blue sky and sunshine to be enjoyed. It looks like it is going to be a mainly dry week too.

    Weather map for East Midlands
     
  12.  
    Accident on A38 08:03:

    BBC Travel News says the A38 in Ripley is partially blocked northbound between the A610 junction and Watchorn Island because of an accident involving a car.

     
  13.  
    Good morning 08:00:

    BBC Local Live will be bringing you the latest news, sport, travel and weather for Derbyshire until 18:00 today.

    If you want to get in touch email, tweet or Facebook us.

     

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.