The company that owns intu Uxbridge has confirmed the shopping centre is up for sale.

Negotiations are believed to be at an advanced stage.

But Liz Bartlett, communications manager for intu Properties Plc, refused to confirm or deny with whom, for reasons of commercial sensitivity.

Property Week magazine says talks are in fact at an advanced stage, and the potential buyer is Malaysian pension fund KWAP.

The price would be about £215m, said the magazine, although intu would not comment on this.

Ms Bartlett said it was no secret that intu was looking to free up some of its assets in order to purchase new shopping centres.

“When we are in a position to talk about it we would be more than happy to do so,” she told the Gazette.

The Chimes shopping centre, now intu Uxbridge
 

intu also owns the vast Lakeside shopping centre in Essex and a majority stake in Manchester’s Trafford Centre.

intu Uxbridge opened in February 2001 as The Chimes, and was renamed and rebranded last year.

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