Cale Street Investments Lp agreed to acquire 50% stake in Intu Derby Shopping Centre from intu properties plc (LSE:INTU) for approximately £190 million on April 18, 2019. Cale Street will acquire for cash, the 50% interest for consideration which values their share of the property at £186.3 million, before taking account of senior debt finance and customary working capital adjustments. The net rental income of the property was £25.2 million for the year ended 31 December 2018. The closing of the transaction will be subject to completing senior debt finance, the discussions for which are well advanced and certain other completion conditions. intu will use the net proceeds of the transaction to repay debt. Iain Wagstaff, Adam Fogarty and Jeremy Stokeld of Linklaters LLP acted as legal advisors for intu properties plc. Cale Street Investments LP completed the acquisition of 50% stake in Intu Derby Shopping Centre from intu properties plc (LSE:INTU) for approximately £110 million on July 9, 2019. The consideration is adjusted for working capital adjustments. Senior debt finance of £150 million is provided by Deutsche Bank. All precedent closing conditions including senior debt financing has been met.