Intu sells trio of non-core assets for £25m
Embattled shopping centre landlord intu has announced the £25.25m sale of three non-core assets a day after a John Whittaker and Brookfield-led consortium withdrew its proposed £2.9bn takeover bid.
The three assets comprise of:
- Brierley Hill, West Midlands: intu has exchanged contracts to sell a substantial freehold investment located near its intu Merry Hill shopping centre. The site has a gross internal area (GIA) of 75,186 sq ft on a total site area of 5.02 acres;
- York House, Nottingham: intu has exchanged contracts to sell its freehold and leasehold interests in York House, a 24,000 sq ft site adjacent to intu Victoria Centre in Nottingham;
- Former BHS store, Derby: intu has completed the sale of its long leasehold interest in 59-61 St Peter’s Street which is located on the periphery of intu Derby. Formerly occupied by BHS, the site consists of four levels comprising 53,000 sq ft plus a small plant level.
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