Whittaker consortium withdraws intu bid

intu Trafford Centre

Source: Shutterstock/Smiltena

A John Whittaker and Brookfield-led consortium is withdrawing its bid for intu citing macroeconomic conditions and ‘potential near-term volatility across markets’.

The group, which comprises the Peel Group, the Olayan Group and Brookfield Property Group, announced in October that it had made a £2.9bn approach for the shopping centre owner.

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