News

Intu sells trio of non-core assets for £25m

By 2018-11-30T10:51:00

York House Nottingham intu

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue