Ellandi formally appointed as intu Merry Hill’s asset manager

Asset manager Ellandi has been appointed to handle intu Merry Hill’s operations, on behalf of the centre’s lenders. The shopping centre operator has appointed Savills as managing agent, which will oversee the day-to-day running of the centre. All existing centre staff will transfer their employment to Savills on the same employment terms, securing 200 jobs. Suppliers to the West Midlands shopping centre will also transfer their contracts over from intu to Savills. Ellandi has said that the centre will continue to receive investment and development. This includes ongoing remodelling for the exterior, due to complete by spring 2021. The centre will be rebranded in 2021. Mark Robinson, property director and co-founder of Ellandi, said: “intu Merry Hill plays a vital role in the West Midlands. It is responsible for thousands of jobs, supports local suppliers and makes a significant contribution to the regional economy. “We are committed, alongside the centre’s owners, to supporting jobs and the local community.” Rachael Jackson, general manager for Merry Hill, said: “Visitor numbers are getting back to pre-Covid levels and 97% of our retail and leisure partners have reopened, which shows the resilience and importance of Merry Hill in the region.” Jim Tucker, partner at KPMG and joint administrator of intu properties, said: “As one of the top 10 shopping centres in the UK, Merry Hill is a prominent name on the retail landscape. “We wish management and all of the employees the very best as they embark on this new chapter.” To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette