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United Kingdom

Intu Properties PLC (INTUP.L)

INTUP.L on London Stock Exchange

193.50GBp
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Change (% chg)

2.35 (+1.23%)
Prev Close
191.15
Open
194.05
Day's High
194.75
Day's Low
192.80
Volume
791,393
Avg. Vol
4,842,331
52-wk High
280.70
52-wk Low
188.90

Latest Key Developments (Source: Significant Developments)

Intu Properties Says Regards Explanations Given By Hammerson For Its Withdrawal Of Recommendation As "Unsatisfactory"
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Intu Properties Plc ::NOTES ANNOUNCEMENT ISSUED BY BOARD OF HAMMERSON."INTU IS ENTIRELY CONFIDENT OF INTU'S COMMERCIAL FUTURE AND PROSPECTS".REGARDS AS "UNSATISFACTORY" EXPLANATIONS GIVEN BY BOARD OF HAMMERSON FOR ITS WITHDRAWAL OF ITS RECOMMENDATION.BOARD OF INTU WILL BE MEETING TO CONSIDER HAMMERSON'S REQUEST NOT TO CONVENE A SHAREHOLDERS' MEETING TO VOTE ON INTU TRANSACTION.  Full Article

Intu Says Planning To Invest Over 560 Mln Stg In UK Centres Over Next 3Yrs
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Intu Properties PLC ::CONTINUE TO SEE GROWTH OPPORTUNITIES FOR £10 BILLION UK PORTFOLIO.HAVE A SUBSTANTIAL ONGOING INVESTMENT PROGRAMME THAT WILL SEE US OPEN £180 MILLION EXTENSION AT INTU WATFORD LATER THIS YEAR.ALSO PLANNING TO INVEST OVER £560 MILLION IN UK CENTRES OVER NEXT THREE YEARS.ANTICIPATED GROWTH IN LIKE-FOR-LIKE NET RENTAL INCOME FOR YEAR CONTINUES TO BE IN RANGE OF 1.5 PER CENT TO 2.5 PERCENT.£180 MILLION INTU WATFORD EXTENSION ON TARGET TO OPEN IN OCTOBER 2018 AND ANCHORED BY DEBENHAMS AND CINEWORLD.FOR PERIOD 1 JANUARY 2018 TO 17 APRIL 2018 SUSTAINED HIGH OCCUPANCY OF 96.1 PER CENT (MARCH 2017: 95.8 PERCENT), UNCHANGED FROM DEC 2017.EXPECT TO DELIVER MEDIUM TERM LIKE-FOR-LIKE NET RENTAL INCOME GROWTH OF 2 TO 3 PER CENT PER ANNUM, OVER NEXT THREE TO FIVE YEARS.  Full Article

Hammerson Says Estimated EPRA NAVPS of 790p at March 31
Thursday, 5 Apr 2018 

April 5 (Reuters) - Hammerson Plc ::HAMMERSON Q1 2018 BUSINESS UPDATE.ESTIMATED EPRA NAVPS OF 790P1 AT 31 MARCH 2018, UP 1.8% IN QUARTER.STRONG LEASING MOMENTUM ACROSS UK, FRANCE AND IRELAND FOLLOWING RECORD ACTIVITY IN 2017.ON TRACK WITH OUR DISPOSAL PROGRAMME..RECOGNISE DIFFICULT TRADING ENVIRONMENT FELT BY MANY RETAIL AND RESTAURANT FORMATS IN UK, CONTINUES TO BE GOOD DEMAND FOR SPACE ACROSS CENTRES.WHILE KLÉPIERRE'S POSITION REMAINS UNCLEAR, BOARD DOES NOT INTEND TO FINALISE SHAREHOLDER DOCUMENTS IN RELATION TO PROPOSED ACQUISITION OF INTU.PUSU DEADLINE FOR KLÉPIERRE IS 16 APRIL 2018..BUSINESS IS ON TRACK TO DISPOSE OF PROPERTIES OF AT LEAST £500 MILLION IN 2018..‍ESTIMATED NET DEBT OF £3.4 BILLION AT 31 MARCH 2018​.  Full Article

Intu Properties Plc and Lasalle Investment Management creates JV to own Intu Chapelfield ​
Thursday, 2 Nov 2017 

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 

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 says bonds due 2022 to be issued at par
Tuesday, 25 Oct 2016 

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

Intu raises guidance on growth in like-for-like net rental income for 2016
Thursday, 28 Jul 2016 

Intu Properties Plc : For first six months, a 10 percent increase in underlying earnings per share driven by growth in net rental income of 7.5 percent on like-for-like basis . Established retailers, Zara and Next, upsizing space and we have welcomed new lifestyle brands and international retailers . Expect growth to be weighted to first half of 2016 because of pattern of tenant events in year .Raising our guidance on growth in like-for- like net rental income for 2016 to 3 per cent to 4 per cent range.  Full Article

Klepierre remains interested in Britain, despite failure of Hammerson deal

French property group Klepierre said on Thursday it was still interested in acquiring assets in Britain after its failed attempt to take over rival Hammerson , despite a difficult commercial environment there.