Fri, 20 Mar 2026 | COMMERCIAL PROPERTY
Merry Hill, the 1.5 million sq ft West Midlands shopping destination, has been acquired by Redical, five years after the collapse of its previous owner. The acquisition sees Merry Hill join Victoria Leeds, The Liberty Romford, and Clayton Square Liverpool, in Redical's portfolio.
Merry Hill was marketed for sale last year in a £280 million deal, with Redical - owner and operator of major urban retail destinations - identified as the preferred bidder for the site.
One of the largest shopping centres in the Midlands, Merry Hill is home to a range of major brands, including Primark, Next, M&S and Harvey Norman. The centre includes a retail park and leisure quarter, featuring bowling, cinema and dining.
Merry Hill’s previous owner, Intu, fell into administration in June 2020 during the early months of the COVID-19 pandemic. Since then, the directors, assisted by Sovereign Centros from CBRE as asset manager and Savills as property manager, have undertaken a major transformation of the centre.
The significant investment programme helped the site to return to footfall of 15 million last year, alongside a 4.3 per cent year-on-year increase in sales. Redical reached an agreement in principle to acquire Merry Hill late last year and the deal has now completed.
Merry Hill director Miles Dunnett commented: "Merry Hill now provides an excellent customer experience, with multiple new store openings, provision of great dining experiences, and many new leading leisure venues for returning and new customers to enjoy.”
Redical co-founder Mikko Syrjanen said that Merry Hill is “an asset perfectly aligned to our strategy of creating a portfolio of core plus assets, each of which dominates its catchment, reflects the needs and wants of its consumers, and has unrealised potential."
Fellow Redical co-founder Petteri Barman added: "The centre team and the wider property-asset management team have done a stellar job returning Merry Hill to its rightful place among the biggest and best-performing super regional centres in the UK.”
"Now, together with that team and through our tech-enabled 'transformation through accumulation' strategy, we intend to elevate the Merry Hill customer experience even further, beginning immediately."
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