Intu Properties Plc Disposal

 
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          [phone] 
 
 
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)