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 £177.9 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.