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Acquisition Opportunity

Bid Deadline:
Monday 22 November 2021 at 4pm GMT

Shopping Centre Brands

Hilco Streambank is seeking offers to acquire certain legacy shopping centre and other brands on behalf of Jim Tucker, David Pike and Mike Pink, of Interpath Ltd, as the Joint Administrators of Intu Shopping Centres Plc (in Administration) (“Intu” or the “Company”).

Hilco Streambank is seeking offers to acquire various of the shopping centre-related brands formerly acquired or developed by Intu. Once traded under the former retail property giant Intu, these brands have risen to prominence in their own right, reflecting Intu’s work in creating community-based store brands as well as their prior heritage.

This is a unique opportunity to acquire various heritage brands with rich and diverse histories alongside contemporary café and digital magazine brands.

Available Assets

The Capital Shopping Centres (“CSC”) brand is the former corporate identity behind Intu, which prior to its Administration was associated with the management of 18 shopping centres, primarily across the UK which once welcomed over 400 million customers each year. Capital Shopping Centres was the name of the premier UK regional shopping centre business between 1994 and 2013, following a demerger from property investment business, Capital & Counties. It is recognisable as the main division of Liberty International Plc, formerly one of the UK’s largest listed property companies and a previous constituent of the FTSE100 index of the UK’s leading listed companies.

The Chapelfield brand name was associated with a Norwich-based shopping outlet, once said to be Britain’s largest shopping centre. The outlet began using the Chapelfield brand name in 2005 and underwent a rebranding process alongside many of the Company’s other shopping centres in 2013, then becoming Intu Chapelfield.

The Chapelfield brand name derives its origins from its medieval heritage derived from its former location atop the site of a well-known medieval chapel built in the 13th Century. The potential buyer has the opportunity to build upon the brand’s rich history, with applications across a range of trade mark classes including retail services, business services, legal services and medical services.

Soar was the former brand name of major leisure and entertainment complex centre XSite Braehead, located in Braehead shopping centre in Glasgow. The Soar leisure centre is well-known in Glasgow and beyond, housing a real snow ski slope, ice rink, cinema and shopping and restaurant facilities among other activities. The Soar brand is versatile, with trade mark protection covering shopping, education, sporting and cultural activities and advertising services.

In a 2018 regeneration project worth an estimated £75m at Barton Square, Manchester’s Trafford Centre, Intu aimed to add some extra theatre to the UK’s third-largest shopping centre. One of the former jewels in its crown, Intu rolled out an architectural refresh, opting to construct its trade marked glass roof and dome to keep out Manchester’s rain. The Dome trade mark, which has been registered for over 20 years is available to acquire and exploit across a range of classes, including rental and shopping sites, building construction and legal services.

Birdhouse was an Intu coffee shop concept. The Birdhouse Café opened in Broadmarsh shopping centre in Nottingham, then Intu Broadmarsh, in 2019. With social and environmental conscience, the branded coffee shop concept sought to work with independent businesses to become Nottingham’s first plastic-free café. The branded store housed several vibrant food, fashion and lifestyle brands. Broad trade mark protection is extended from food services to advertising.

Inside Source was a well-respected and popular digital magazine discussing all things shopping and lifestyle. Intu capitalised on the blog’s growing popularity, shifting from Intu branding and relaunching as a brand in its own right. Under the Inside Source brand name, the blog covered an array of topics, with the brand acting as a tool for Intu to capture a Gen-Z audience. The Inside Source trade mark provides protection for a range of applications within the blogosphere, covering goods such as photographic and cinematographic instruments to recorded media and computer software.

The following Inside Source-related domains are also available to acquire:

Sale Process

Offers for the intellectual property assets are due November 22, 2021 @ 4pm GMT

All expressions of interest and offers should be directed to Hilco Streambank in writing. A Bid Submission Form for submitting offers is available on request.

For details of the related Intu and Financial Services Brand and Domain Portfolio intellectual property sales, see our further listings here and here.

Key Terms & Conditions

The bidder acknowledges that Hilco acts as an agent for the Joint Administrators of the Company who offer for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Joint Administrators and bidders are deemed to have carried out their own due diligence.

VAT, if applicable, at 20% will be added to the price. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. A buyer’s premium of 10% of the sale price is payable by the winning bidder. Legal completion to occur within 5 business days of bid acceptance. Hilco Streambank’s full Terms and Conditions apply.

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