Intu Properties Plc Disposal
16 December 2016 - 8:00PM
UK Regulatory
TIDMINTU
16 DECEMBER 2016
INTU PROPERTIES PLC
DISPOSAL OF INTU BROMLEY
Following the announcement on 25 October 2016, intu properties plc ('intu') has
now completed the sale of its interest in the intu Bromley shopping centre to
Alaska Permanent Fund Corporation ('APFC') for GBP177.9 million.
As part of the transaction, APFC have also acquired Aviva's 21.475 per cent
interest in the centre. London Borough of Bromley is retaining its 15 per cent
interest and freehold of the centre, which will cease to be called intu
Bromley.
ENQUIRIES
intu properties plc
Susan Marsden Group Company Secretary +44 (0)207 887 7073
NOTES FOR EDITORS
intu is the UK's leading owner, manager and developer of prime regional
shopping centres with a growing presence in Spain.
We are passionate about creating uniquely compelling experiences, in centre and
online, that attract customers, delivering enhanced footfall, dwell time and
loyalty. This helps our retailers flourish, driving occupancy and income
growth.
A FTSE 100 company, we own many of the UK's largest and most popular retail
destinations, including nine of the top 20, with super regional centres such as
intu Trafford Centre and intu Lakeside and vibrant city centre locations from
Newcastle to Watford.
We are focused on four strategic objectives: optimising the performance of our
assets to provide attractive long term total property returns, delivering our
UK development pipeline to add value to our portfolio, leveraging the strength
of our brand and seizing the opportunity in Spain to create a business of
scale.
We are committed to our local communities and to operating with environmental
responsibility. Our centres support over 119,000 jobs representing about 4% of
the total UK retail workforce.
Our success creates value for our retailers, investors and the communities we
serve.
END
(END) Dow Jones Newswires
December 16, 2016 04:00 ET (09:00 GMT)
Intu Properties (LSE:INTU)
Historical Stock Chart
From Apr 2024 to May 2024
Intu Properties (LSE:INTU)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Intu Properties Plc (London Stock Exchange): 0 recent articles
More Intu Properties News Articles