Intu Properties announce Director resignation

Posted On Monday, 07 September 2015 14:24 Published by
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Intu Properties plc announces that Mike Butterworth, Chief Operating Officer, has indicated his intention to retire on 31 December 2015.


Mike joined Intu following the intu Trafford Centre transaction at the end of 2010 and leaves a highly experienced and capable asset management team in place, including four Regional Directors who were appointed last year. 

The process of determining how best to replace Mike’s role has commenced and further details will be announced in due course.

David Fischel, Chief Executive, commented: “Mike has made a substantial contribution to Intu over the past five years, during which the Group’s total assets have increased from £5 billion to £9.5 billion, with a level of capital growth which has outperformed the IPD retail index each year. 

He has also overseen the build-up and increasing momentum of the Group’s UK investment and development programme now amounting to £1.5 billion.   Mike will leave the Group at the end of this year with our best wishes for a long and happy retirement.”

Last modified on Tuesday, 08 September 2015 11:31

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