Local residents in the Bromley area will be happy to hear about the imminent return of The Glades shopping centre. Thanks to a new stake holder, Intu Bromley is getting a name change. Alaska Permanent Fund Corporation has purchased a majority stake in the shopping centre. They are expected to continue to improve the shopping centre with new features in the pipeline.

Key Takeaways:

  • Intu Bromley is likely to revert back to its old name, The Glades, following its sale to an overseas investment fund.
  • A new restaurant terrace was opened in the summer along with other major changes.
  • This deal was completed post-Brexit which is a good sign given this American fund is happy to invest at this time.

Key Quote:

"The sale of Aviva’s stake in the centre brought the total price tag to more than £200 million."

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