Redical completes Merry Hill acquisition
The directors of Merry Hill have completed the sale of the shopping centre to Redical following an agreement reached late last year.
The sale follows a successful transformation of Merry Hill over the last five years after the collapse of its previous owner at the outset of the pandemic.
Subscribe to TRBA significant investment programme, led by the directors and supported by Sovereign Centros as asset manager and Savills as property manager, has driven strong results at the West Midlands centre with footfall returning to 15 million in 2025 and sales growing by 4.3% year-on-year.
Miles Dunnett, Merry Hill director, said: “I am delighted to announce the sale to Redical, who is absolutely the right party to continue Merry Hill’s development as the leading super regional centre in the Midlands.
“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.”
Merry Hill will join Victoria Leeds, The Liberty Romford, and Clayton Square Liverpool as part of Redical’s portfolio.
Petteri Barman, co-founder of Redical, said: “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.”
Mikko Syrjanen, co-founder of Redical, said: “We are delighted to have completed the purchase of Merry Hill, 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.”
