Real Estate

Intu bemoans ‘disruption’ of failed takeover attempts

Shopping centre owner's property values also dropped during a tough year for the retail sector

Wednesday 20 February 2019 at 09:38

The chief executive of Intu Properties has complained of the “disruption” from two failed takeover attempts of the shopping centre owner, which he said added to a range of problems during the past year.

David Fischel made the comments as the FTSE 250 company published its results for the year to December 31. Intu made a loss of £1.17bn during that period, compared with profits of £203.3m in 2017.