Intu gets Kuwait-backed investment for Derby shopping centre
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(Reuters) - Intu Properties Plc on Thursday said a Kuwait-backed real estate investment firm would pay 186.3 million pounds (£186.4 million) for a 50 percent stake in its Derby shopping centre, as the British company looks to lower debt.Cale Street Investments, an investor backed by Kuwait's sovereign wealth fund, plans to acquire the interest in Intu Derby shopping centre, which generated net rental income of 25.2 million pounds in 2018."On a pro-forma basis, we expect the impact of this..