Brookfield is believed to have been working on a prospective deal for more than two months
The consortium issued a statement after EG reported Brookfield has been working on a deal
Intu non-executive director Andrew Strang is stepping down from the shopping centre REIT’s board, after nine years in the role.
intu is bucking the trend by placing its bets on two retail extensions opening this year – the first in September at its Watford centre.
The fashion retailer will take 3,385 sq ft at the shopping centre
Retail REIT intu has revealed it has £920m in cash and facilities that it intends to use to pursue opportunities “as they arise in the UK and Spain”.
Shopping centre owner intu is on the hunt for start-ups to work with as part of its new innovation programme, intu Accelerate.
Intu has recorded active retailer demand for the period between 1 January to 3 May 2017 where it secured 42 long-term leases
Intu posted a 7.2% rise in underlying earnings to £200m, but revaluations lowered profits by 67%
Intu became the latest property company to offer a refinance deal this week with a £375m bond issue.
Intu has sold its 63.5% stake in Bromley shopping centre to Alaska Permanent Fund Corporation
Fashion and homeware chain Next is to open one of its biggest stores, on the site of a former BHS at intu Metrocentre, Gateshead.