Intu completed the acquisition of three UK properties from Westfield for $1.4bn.

Intu, a real estate investment trust, completed the acquisition of three UK properties from Westfield, a shopping centre group, for $1.4bn. “The transaction is a rare and attractive opportunity to acquire a further two prime shopping centres in line with our strategy to focus on the UK’s largest and most successful destinations. The acquisition strengthens Intu’s position as the leading owner, developer and manager of prime UK shopping centres filling in gaps in our national coverage and extending the footprint of our nationwide consumer facing brand and digital strategy,” David Fischel, Intu CEO.