Pinsent Masons advises Merry Hill owners on sale to Redical

The sale follows Pinsent Masons appointment as strategic legal adviser for Merry Hill in April 2024, working alongside Sovereign Centros by CBRE and Savills. The firm has since provided strategic, planning and asset management advice, including support on the disposal of surplus land and broader advisory matters.

Pinsent Masons was instructed to work on the legals for the sale of Merry Hill by way of a share sale with the transaction involving the sale of a complex, operational asset as a going concern to retail owner-operator, Redical.

Led by the head of the firm’s London property practice, Claire Hughes, with support from Andrea McIlroy Rose, Ruth Lee, Laura Shott, Mike Allan and Katherine Metcalfe, the Pinsent Masons team managed significant ongoing operational legal work while ensuring a responsive and coordinated service throughout the sale process.

Commenting on the completion of the deal, Claire said: “The sale of Merry Hill reflects a true success story for out-of-town shopping centres, showing the resilience in destination retailing.”

On working with Pinsent Masons, Miles Dunnett, Director of Merry Hill said: “The support provided by Claire and the Pinsent Masons team was invaluable as we navigated the complexities around this sale, particularly in proactively helping us prepare for the rigour of a intensive due diligence process, which was critical in helping us maintain momentum throughout the sale process.”