Intu Properties sells Northern Ireland retail park
The disposal of Sprucefield brings year-to-date disposals to £268m
25 November 2019 - 10:32
Intu Properties, which was unbundled from Donald Gordon’s Liberty International in 2010, but has seen the value of its assets come under pressure since the 2016 Brexit referendum, has sold a shopping centre in Northern Ireland to shore up its balance sheet.
The company has sold Sprucefield Retail Park for £40m (R760m) to NewRiver Real Estate Investment Trust, bringing its total disposals in 2019 to £268m...
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