- Shopping centres operator Intu said Friday it had agreed terms to sell three properties for a combined value of £25.25m.

The sales included a substantial freehold investment located near the company's Merry Hill shopping centre; freehold and leasehold interests in York House and a former BHS store located in Derby.

Some of the proceeds would be reinvested into the company's ongoing pipeline of development opportunities across its UK shopping centre portfolio, Intu said.

'These three deals, all successfully sold at above book value, are further evidence of our commitment to dispose of non-core assets and recycle capital into our exciting development programme. All three sites will continue to benefit from being in the vicinity of hugely popular intu shopping centres which welcome millions of shoppers every year,' said David Fischel, intu chief executive.

At 10:18am: [LON:INTU] Intu Properties share price was +1.1p at 115.6p

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