Regency Centers to buy Equity One in US$5.82b deal

Seattle

REGENCY Centers Corp agreed to buy Equity One Inc to form one of the largest US shopping-centre landlords, with 429 properties.

Equity One shareholders will receive 0.45 shares of newly issued Regency common stock in the deal, the real estate investment trusts said in a statement on Monday. Regency shareholders are expected to own 62 per cent of the combined company, with Equity One investors holding the remainder.