Deal to create £21bn property empire

The owners of some of Britain's biggest shopping centres are joining forces to create a £21billion property titan.Hammerson, which owns the Bullring in Birmingham and Brent Cross in London, has agreed to buy the owner of Manchester's Trafford Centre, Intu, for £3.4billion.The enlarged firm will have a market value of about £7.6billion and own 43 shopping centres, 37 retail parks and other outlets, worth nearly £21billion.The proposed deal, which values Intu shares at 253.9p each and will sadd...