Merry Hill owner sells Black Country business park to ‘fix balance sheet’

Merry Hill owner sells Black Country business park to ‘fix balance sheet’

The owner of Merry Hill shopping centre has offloaded a Black Country business park for £15.5 million in order to ‘fix the balance sheet’.

Intu has sold Waterfront Business Park in Brierley Hill to London-based Bridges Fund Management.

It was reported during the summer that Intu was battling a £4.7 billion debt mountain and warned that rent from shops would fall for the rest of 2019 and next…

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