Bullring owner Hammerson to take over Lakeside firm INTU

Shopping centre owner Hammerson has agreed an all share takeover of rival Intu in a £3.4bn (€3.84bn) deal that will create Britain’s biggest property company.

Shopping centre owner Hammerson has agreed an all share takeover of rival Intu in a £3.4bn (€3.84bn) deal that will create Britain’s biggest property company.

The likes of Intu-owned Lakeside and the Bullring in Birmingham, controlled by Hammerson, will come under one roof, forming a £21bn (€23.7bn) giant.