Cale Street Investments has taken over the shopping centre, after already purchasing a 50 per cent stake in the centre last year.
Following the recent news that Savills and Ken Ford will be responsible for the day-to-day operations of the centre, it has now been announced that intu Derby is the first shopping centre to have found a new owner since intu Properties failed to reach an agreement with its creditors is June this year.
Intu Joint Administrator Jim Tucker is thrilled with the deal, commenting: “This is the first Intu centre to migrate to new management and ownership following the administration of the Group’s Topcos back in June, and as such marks a key milestone in the administration process.”
He continues: “To have achieved such a smooth and orderly handover in such a short timescale is a testament to the hard work and commitment of everyone involved, not last the Intu Derby employees who have continued to work with enthusiasm and professionalism throughout the administration.”
The centre will be undergoing a rebrand in the coming months, including renaming the location. Until this time, the centre will be known as Derby Centre.
