By David Parsley2019-04-04T09:03:00
Shopping centre giant has confirmed the appointment of finance director Matthew Roberts as its next chief executive, as Property Week predicted yesterday.
Roberts is expected to be charged with a sell-off of some of the group’s underperforming malls at the struggling retail property group, which owns eight of the UK’s top 20 centres. His plans will include a strategy to reduce Intu’s debt to assets ratio to below 50% through disposals, part-disposals and introducing partners to assets. Since he joined the group it has sold more £1bn of assets.
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