Login

Intu Bromley sale to APFC completes

Intu properties has completed the sale of its interest in the intu Bromley shopping centre to Alaska Permanent Fund Corporation in a deal that valued the mall at around £280m.
By Kasmira Jefford
December 16, 2016 | 2:38 P.M.

The retail property landlord sold its 63.525 % stake to APFCfrom £177.9m, representing a 1% premium to its 30 June 2016 valuation of £175.9m. The topped-up net initial yield based on market value at the end of June was 5.7%.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | Intu Bromley sale to APFC completes