A joint venture company through affiliates of intu properties plc (‘intu’) and Canada Pension Plan Investment Board has exchanged contracts to sell intu Asturias shopping centre to the ECE European Prime Shopping Centre Fund II for €290.0 million (intu share €145.0 million).
intu, the largest owner and manager of prime shopping centres in the UK, announces that Barbara Gibbes will become interim chief financial officer with effect from 29 April 2019.
intu announces that David Fischel, Chief Executive, will be standing down from the Board and leaving intu once a successor to David has been appointed.
Intu announces that David Fischel, Chief Executive, will be standing down from the Board and leaving intu once a successor to David has been appointed.
Intu Properties-Interim results for the six months ended 30 June 2018 winning destinations drive a resilient performance in a challenging market.
Intu Properties PLC (‘intu’) and LaSalle Investment Management (‘LaSalle’) acting on behalf of Greater Manchester Pension Fund and West Yorkshire Pension Fund are forming a partnership to jointly own intu Chapelfield shopping centre in Norwich.
Intu properties plc (‘intu’) announces that it has exchanged and completed contracts with entities of the Ivanhoé Cambridge Group to acquire Xanadú shopping centre in Madrid, Spain, along with its associated management company and the SnowZone operating company, for a total cash consideration of €530 million, before working capital and other adjustments.
SA’s listed property sector continues to feed investor appetite, having raised about R153bn in the past six years.
Properties grows its earnings per share 10% in the six months to June, despite concerns over the strength of the British consumer and downward pressure on UK property prices.
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