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.

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