Ellandi has been appointed as the new asset manager of the centre, a move which has secured 200 jobs.
Following intu’s move into administration in June, the intu portfolio has been looking for new operators and intu Merry Hill is the newest centre of the portfolio to be saved. Ellandi has been appointed by the consortium of banks that own the centre as the new asset manager with Savills being appointed as managing agent with responsibility for the day-to-day running of the centre.
“intu Merry Hill plays a vital role in the West Midlands. It is responsible for thousands of jobs, supports local suppliers and makes a significant contribution to the regional economy. We are excited about the opportunity that intu Merry Hill has to evolve through investment and offer the very best retail and leisure experience to shoppers in the West Midlands and beyond.” said Mark Robinson, Property Director and Co-Founder of Ellandi.
Currently the centre will continue to be known as intu Merry Hill but is expected to be rebranded in 2021.