INTU PROPERTIES PLC - Chief Operating Officer

Chief Operating Officer

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:      ITU


INTU PROPERTIES PLC – CHIEF OPERATING OFFICER


Intu Properties plc (“Intu”) announces that Mike Butterworth, Chief Operating Officer, has indicated his
intention to retire on 31 December 2015.


Mike joined Intu following the intu Trafford Centre transaction at the end of 2010 and leaves a highly
experienced and capable asset management team in place, including four Regional Directors who
were appointed last year.             The process of determining how best to replace Mike’s role has
commenced and further details will be announced in due course.


David Fischel, Chief Executive, commented: “Mike has made a substantial contribution to Intu over the
past five years, during which the Group’s total assets have increased from £5 billion to £9.5 billion,
with a level of capital growth which has outperformed the IPD retail index each year. He has also
overseen the build-up and increasing momentum of the Group’s UK investment and development
programme now amounting to £1.5 billion. Mike will leave the Group at the end of this year with our
best wishes for a long and happy retirement.”


Contact:
Susan Marsden, Company Secretary 0207 887 7000

Sponsor:

Merrill Lynch South Africa (Pty) Ltd

 
 
 
About Intu

Intu is the leading owner and manager of prime regional shopping centres in the UK.

A FTSE 100 company, Intu owns and operates many of the UK’s biggest and most popular retail and leisure
destinations, including nine of the top 20, incorporating super-regional centres such as intu Trafford Centre, intu
Lakeside and intu Metrocentre, together with a number of city centre locations from Watford to Newcastle.

With 23 million sq. ft. of space hosting top UK and international retailers from Apple to Zara, Intu centres attract
some 400 million customer visits from over half of the UK's population every year.

Intu has a UK investment pipeline of £1.5 billion over the next ten years to add 2.6 million sq. ft. of new retail and
leisure space, of which 1.7 million sq. ft. is already consented. Major projects due to be underway soon include
the extension and refurbishment at intu Watford and the leisure expansion at intu Lakeside.

Intu also has a growing presence in the Spanish market, owning two of Spain's top 10 centres, intu Asturias in
Oviedo, and Puerto Venecia in Zaragoza, a development site near Málaga and development options on a further
three sites in Valencia, Palma and Vigo.

intu creates a compelling experience for its customers, both on and offline, delivering on its brand promise to
provide the most digitally connected shopping centres, world-class service and events with a difference.
National initiatives include the annual “Everyone’s Invited” event which in 2014 increased footfall that weekend
by an average of 13 per cent. Our objective is for customers to come more often and stay for longer, in turn
helping intu's retailers to flourish.

With some 115,000 people employed at Intu's centres in the UK, representing some 4% of the UK's total retail
workforce, Intu is fully committed to supporting its local communities and the wider environment and is proud to
have received widespread recognition for its Corporate Responsibility achievements, including the coveted BitC
CommunityMark. For further information see intugroup.co.uk.

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