THURROCK'S regional Lakeside shopping centre has new owners.

Previously owned by intu Properties plc which went bust earlier this year, the shopping and leisure centre has been taken over by Global Mutual along with three other intu centres – intu Watford, Victoria in Nottingham, and Braehead in Scotland.

Global Mutual is a company managing £4.2 billion of global assets, primarily in retail.

Jim Tucker, who is a partner at KPMG and joint administrator of intu Properties plc, said: "To date, nine intu centres have successfully migrated to new management.

"This has been achieved thanks to the hard work and commitment from all stakeholders to effect smooth and orderly transitions.

"We wish the intu team all the best for the future."