HUT, Crown Estate join forces in £680m deal

Hercules Unit Trust (HUT) and Crown Estate have teamed up in a £680 mln (EUR 998 mln) joint venture limited partnership. The 50/50 joint venture incorporates HUT's 51,096 m[sup]2[/sup] Fort Kinnaird Shopping Park in Edinburgh, Crown Estate's 22,854 m[sup]2[/sup] Gallagher Retail Park in Cheltenham and the 13,006 m[sup]2[/sup] Shires Retail Park in Leamington.

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