Headlines

Intu Seeks £1 Billion in Funding

One of the largest shopping center operators in the U.K. could be asking its shareholders for a cash injection of around £1 billion, according to Forbes.

Published

4 years ago

January 21, 2020

VMSD Staff

Matthew Roberts, CFO of Intu, confirmed the business’s plea for investors, but declined to confirm the total amount requested, Forbes reports.

In November 2019, Roberts reportedly told investors that Intu’s rental income was down 9 percent and that further decline was expected in the future, though this statement was contradicted this past Monday when he noted that Intu had seen no increase nor decrease in this income in the past year.

If there is a decline in rental income for Intu, it could likely be due to the changing behavior of consumers, says Forbes.

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