News analysis

How would discounted intu deal affect wider market?

By 2018-10-11T23:00:00

Debenhams at intu Watford extension

Concerns mount that 220p-per-share offer could prompt markdowns in struggling shopping centre sector

It emerged last week that the consortium has been running the rule over a bid for the company for two months and now has until 1 November to make an offer. The big question is: how much will the consortium bid and will it be accepted by intu?

Analysts are predicting that an offer in the region of 220p per share could be enough to push the deal over the line. That is a near-50% premium to the pre-announcement share price but, more importantly for the market, a stark discount to the net asset value (NAV) of the portfolio of 362p.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue