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INTU PROPERTIES PLC - Completion of the Acquisition of the Remaining 50 Per Cent of the Merry Hill Estate

Release Date: 22/06/2016 14:05
Code(s): ITU     PDF:  
Wrap Text
Completion of the Acquisition of the Remaining 50 Per Cent of the Merry Hill Estate

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:      ITU
Intu Properties plc (the “Company”)


22 June 2016


Completion of the acquisition of the remaining 50 per cent of the Merry Hill Estate

Following the announcement on 17 June 2016, Intu Properties plc is pleased to announce
the completion of the acquisition of the remaining 50 per cent of the Merry Hill estate.


ENQUIRIES
Susan Marsden
Group Company Secretary
Telephone +44 207 887 7073


Sponsor:
Merrill Lynch South Africa (Pty) Limited


NOTES FOR EDITORS

Intu is the UK's leading owner, manager and developer of prime regional shopping centres with a
growing presence in Spain.

We are passionate about creating uniquely compelling experiences, in centre and online, that attract
customers, delivering enhanced footfall, dwell time and loyalty. This helps our retailers flourish, driving
occupancy and income growth.

A FTSE 100 company, we own many of the UK's largest and most popular retail destinations,
including nine of the top 20, with super regional centres such as intu Trafford Centre and intu
Lakeside and vibrant city centre locations from Newcastle to Watford.

We are focused on four strategic objectives: optimising the performance of our assets to provide
attractive long term total property returns, delivering our UK development pipeline to add value to our
portfolio, leveraging the strength of our brand and seizing the opportunity in Spain to create a
business of scale.

We are committed to our local communities, our centres support over 120,000 jobs representing
about 4% of the total UK retail workforce, and to operating with environmental responsibility.

Our success creates value for our retailers, investors and the communities we serve.

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