Finance

Intu posts dip in portfolio valuation and cuts rental growth forecast

By 2018-10-23T07:40:00

Debenhams at intu Watford extension

Intu, which is the subject of its second takeover battle in less than a year, has revealed the value of its shopping centre portfolio has fallen 3% due to “negative sentiment towards UK retail property”.

The group, which is currently considering a £2.9bn consortium bid from the UK’s Peel Group, Saudi Arabia’s Olayan and Canada’s Brookfield Property, told investors this morning that its portfolio valuation stood at £9.58bn on 30 September, down from £9.83bn in June 2018.

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