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Intu Properties PLC (INTUP.L)

INTUP.L on London Stock Exchange

237.50GBp
12 Dec 2017
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6,100,097
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Latest Key Developments (Source: Significant Developments)

Intu Properties Plc and Lasalle Investment Management creates JV to own Intu Chapelfield ​
Thursday, 2 Nov 2017 03:01am EDT 

Nov 2 (Reuters) - INTU PROPERTIES PLC :‍INTU PROPERTIES PLC AND LASALLE INVESTMENT MANAGEMENT ANNOUNCE CREATION OF A JOINT VENTURE TO OWN INTU CHAPELFIELD​.‍LASALLE WILL ACQUIRE A 50 PER CENT INTEREST IN PROPERTY FOR NET CONSIDERATION OF £148 MILLION​.‍INTU WILL CONTINUE TO MANAGE CENTRE ON BEHALF OF JOINT VENTURE​.  Full Article

Intu Properties Plc anticipates positive like-for-like net rental income in 2017​
Thursday, 2 Nov 2017 03:00am EDT 

Nov 2 (Reuters) - INTU PROPERTIES PLC :‍OCCUPANCY REMAINS HIGH AT 96 PERCENT FOR PERIOD FROM JULY 1 TO NOV 2, UNCHANGED FROM JUNE 2017​.‍WE ANTICIPATE POSITIVE LIKE-FOR-LIKE NET RENTAL INCOME FOR A THIRD YEAR IN 2017​.‍FOOTFALL HAS SHOWN ENCOURAGING STRENGTH IN SECOND HALF YEAR TO DATE AT 2 PER CENT AHEAD OF SAME PERIOD IN 2016​.‍RENT REVIEWS IN PERIOD FROM JULY TO NOV HAVE BEEN CONCLUDED AT AN AVERAGE UPLIFT OF 15 PER CENT ON PREVIOUS RENTS​."‍WE EXPECT OVERALL NEW RENTAL LEVELS TO BE 15 PER CENT AHEAD OF PREVIOUS PASSING RENT"​.  Full Article

Intu Properties ‍repurchases 32.7 mln stg in 300 mln stg 2.50 pct convertible bonds due 2018
Thursday, 28 Sep 2017 06:35am EDT 

Sept 28 (Reuters) - Intu Properties Plc :‍REPURCHASED £32.7 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF £300 MILLION 2.50 PERCENT CONVERTIBLE BONDS DUE 2018.‍£267.3 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE BONDS REMAINS OUTSTANDING​.  Full Article

Intu Properties HY underlying earnings declines
Thursday, 27 Jul 2017 03:01am EDT 

July 27 (Reuters) - INTU PROPERTIES PLC :HY NET RENTAL INCOME 226.2 MILLION POUNDS VERSUS 219.4 MILLION POUNDS A YEAR AGO.HY UNDERLYING EARNINGS 98.5 MILLION POUNDS VERSUS 99.5 MILLION POUNDS A YEAR AGO.HY EPS 7.3 PENCE.HY DIVIDEND PER SHARE 4.6 PENCE.INTU PROPERTIES PLC SAYS BREXIT HAS NOT RESULTED IN ANY MATERIAL ADVERSE IMPACTS, ALTHOUGH RECENT UK GENERAL ELECTION RESULTS MAY CREATE SOME FURTHER UNCERTAINTY.INTU PROPERTIES PLC SAYS HY NET RENTAL INCOME 210.5 MILLION STG.INTU PROPERTIES PLC SAYS HY OCCUPANCY STABLE AT 95.9 PER CENT (DECEMBER 2016: 96.0 PER CENT.INTU PROPERTIES PLC SAYS HY FOOTFALL DECREASED BY 0.5 PER CENT (2016: +1.3 PER CENT).INTU PROPERTIES PLC SAYS GUIDANCE FOR FULL YEAR LIKE-FOR-LIKE NET RENTAL INCOME IS AROUND 0 PER CENT, AT BOTTOM END OF PREVIOUSLY ANNOUNCED RANGE OF 0 TO 2 PER CENT.INTU PROPERTIES PLC SAYS HY LIKE-FOR-LIKE NET RENTAL INCOME WAS 1.5 PER CENT LOWER THAN SAME PERIOD IN 2016.  Full Article

Intu enters into JV with TH Real Estate for Madrid Xanadú mall
Tuesday, 30 May 2017 02:12am EDT 

May 30 (Reuters) - Intu Properties Plc ::Joint venture.‍Intu Properties Plc and TH Real Estate announce creation of a new joint venture for Madrid Xanadú shopping centre​.T‍H Real Estate will acquire a 50 per cent interest in joint venture for a price of 264.4 million euros (50 percent of price paid by Intu)​.‍Joint venture arrangements provide that Intu will continue to be manager of centre​.‍closing of transaction is subject to certain completion conditions including regulatory approvals​.  Full Article

Intu to acquire Xanadú Shopping Centre in Spain for 530 mln euros
Friday, 10 Mar 2017 11:28am EST 

Intu Properties Plc : To acquire Xanadú shopping centre in Madrid, Spain for a total cash consideration of 530 mln euros . A 263 mln euros five year term loan with Santander, BBVA, Credit Agricole and Caixabank has been secured on asset . All-In cost of debt estimated to be around 2.0 per cent. . Balance of consideration will be met from Intu's existing resources .Acquisition is expected to be earnings accretive.  Full Article

Intu Properties names John Strachan as chairman
Thursday, 23 Feb 2017 02:39am EST 

Intu Properties Plc : Intu properties plc: directorate change – chairman appointment .John Strachan, a non-executive director of intu since october 2015, will succeed Patrick Burgess as chairman on 3 May 2017.  Full Article

Intu Properties records net asset value per share of 404 pence unchanged from 2015
Thursday, 23 Feb 2017 02:00am EST 

Intu Properties Plc : FY net rental income 447 million stg versus 428 million stg year ago . FY underlying EPS 15.0 pence versus 14.2 pence year ago . FY property revaluation deficit 64 million stg versus surplus of 351 million stg year ago . FY underlying earnings 200 million stg versus 187 million stg year ago . FY dividend per share 14 pence versus 13.7 pence year ago . As at December 31, NAV per share 404 pence versus 404 pence year ago . On like-for-like basis, FY net rental income up by 3.6 percent . Environment for business this year likely to be challenging as full impact emerges of UK's EU Referendum vote - CEO ."Well positioned as we focus on top quality assets in prime locations with high occupancy and strong footfall" - CEO.  Full Article

Intu Properties to buy Xanadu shopping centre in Madrid
Tuesday, 31 Jan 2017 07:50am EST 

Intu Properties Plc : Statement Regarding Press Comment . Notes recent press speculation regarding potential acquisition of Xanadu shopping centre in Madrid . Confirms it has entered into an exclusivity agreement with entities of Ivanhoé Cambridge Group to acquire centre .Transaction would be funded from a combination of bank financing and existing facilities.  Full Article

Intu Properties says bonds due 2022 to be issued at par
Tuesday, 25 Oct 2016 07:28am EDT 

Intu Properties Plc : Announces successful pricing of an offering of 375 mln stg of guaranteed convertible bonds due 2022 .Initial conversion price is 3.7506 stg per share representing a premium of 30 pct above volume weighted average price of shares between launch and pricing.  Full Article

Hammerson in 'opportunistic' 3.4 billion-pound swoop on Intu

British shopping centers owner Hammerson Plc has agreed to buy smaller rival Intu Properties for about 3.4 billion pounds ($4.56 billion) in a long-speculated deal to create a malls giant controlling 21 billion pounds of assets.