Intu shares plunge 20% as Roberts reveals five-year rescue plan

Matthew Roberts 2

Shopping centre giant Intu has launched what it has claimed is a “transformational” five-year strategy, which will see the group make a major shift towards developing mixed-use schemes in and around its retail assets.

The move comes as Intu attempts to reverse tumbling rental income and asset values. In its half-year results to the end of June, the group posted a like-for-like fall of 9.6% in property values to £8.4bn, while rental income plunged 7% to £205.2m during the period.

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