Intu confirms Roberts as new CEO

Matthew Robert Intu

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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