Intu Metrocentre taken over by Sovereign Centros

Intu Metrocentre in Gateshead

Shopping centre operator Sovereign Centros has taken ownership of the Metrocentre in Gateshead, as the assets of former institutional landlord Intu continue to be sold off.

Sovereign Centros, which also operates other retail schemes including the Telford Centre and St Enoch in Glasgow, said it would manage the centre, while property firm Savills will take responsibility for the onsite property management.

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