The Merry Hill shopping centre in Dudley has been put up for sale by its owners.
Knight Frank has been appointed to manage the sale on behalf of the consortium of banks that owns the centre and is reportedly looking for offers in the region of £250m.
The regional centre, which provides more than 1.4m sq ft of retail, hospitality and leisure space, is more than 96% let.
Footfall in 2025 is on course to top 15.5 million for the first time and the destination has recently secured a number of new leasing deals with national retailers and leisure operators. The 92-acre site also includes a fully let retail park.
The directors of Merry Hill said: “The last few years have been transformational for Merry Hill, as investment, proactive asset management, and an effective leasing programme have combined to return it to its rightful place as a top 10 UK mall. Merry Hill is primed for the next stage of its journey, with several initiatives planned to cement its position in the super regional hierarchy. Consequently, now is the right time for a new owner to take on an asset that is thriving to realise further value.”
Sovereign Centros from CBRE asset manages Merry Hill and its leasing agents are Time Retail Partners, JLL and Font Real Estate.
