Merry Hill shopping centre has been placed on the market with a rumoured price tag of £250 million.
The owners of the centre have hired property consultancy Knight Frank to handle the sale of the 1.4 million sq ft retail and leisure hub in Brierley Hill.
The centre, which is one of the largest in the º£½ÇÊÓƵ, has undergone around £125 million of investment over recent years to broaden its range of retail and food operators.
In addition, a new £15 million leisure quarter has also recently been completed, with tenants such as Hollywood Bowl and golf and game venue Funstation.
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Merry Hill was also chosen for the º£½ÇÊÓƵ debut of Australian electric goods retailer Harvey Norman and new gym company XF while Marks & Spencer has opened a revamped 100,000 sq ft store.
It is now more than 96 per cent let and footfall in 2025 is on course to top 15.5 million for the first time, it says.
The 92-acre site also has a neighbouring, fully let retail park.
Merry Hill's directors said in a statement: "The last few years have been transformational for Merry Hill, as investment, proactive asset management and an effective leasing programme have combined to return it to its rightful place as a top ten º£½ÇÊÓƵ mall.
"Merry Hill is primed for the next stage of its journey, with several initiatives planned to cement its position in the super regional hierarchy.
"Consequently, now is the right time for a new owner to take on an asset that is thriving to realise further value."
Shopping centre group Intu previously owned Merry Hill but it collapsed into administration in 2020 after which asset managers were appointed to run Merry Hill and the other sites in the Intu portfolio.
Merry Hill has since been owned by a consortium of lenders including Wells Fargo and Axa Investment Management.
