Intu and Aviva Investors are preparing to sell south London shopping centre intu Bromley for £260m – a 5.5% yield.
The opportunity is the biggest retail investment to hit the market this year. Intu is close to completing a refurbishment and 20,000 sq ft leisure extension of the centre, which will include a boutique cinema.
The 464,000 sq ft mall, jointly owned with the London Borough of Bromley, has 135 shops. Cushman & Wakefield has been instructed on the sale.
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