Bank of Ireland Private Banking has acquired a 50% interest in Liverpool's New Mersey Shopping Park from Hercules Unit Trust (HUT) for £209 mln (EUR 310 mln). The shopping park has 45,000 m[sup]2[/sup] of space and is the seventh largest facility of its kind in the UK. HUT is a closed-ended Jersey property unit trust which invests in properties in large shopping parks in the UK. British Land owns 36.3% in HUT since March this year and is also property adviser to the unit trust through its subsidiary British Land Property Advisers.
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