intu properties plc and Cale Street Investments LP announced on that they were forming a joint venture that will own the intu Derby shopping centre. The closing of the transaction was subject to completing a senior debt financing of the centre and certain other completion conditions. These conditions have now been met and the transaction has completed. intu will continue to manage the centre on behalf of the joint venture and receive asset management and brand licence fees for this, further enhancing intu's return from the transaction.