Shares in struggling British shopping centre operator Intu Properties Plc jumped more than 20% on Monday after a report that private equity firm Orion Capital Managers was considering a buyout of the company.
Just a day after Hammerson and APG said they’re taking full control of Via Outlets, comes news that the UK mall operator may be mulling the sale of its £1.9 billion stake in Value Retail, the Bicester Village owner.
Requests from successful retailers for rent reductions could fall on deaf ears as far as shopping malls giant Intu is concerned. Its CEO said it won't bow to demands to cut rents as businesses seek a level playing field.
Global shopping malls giant Unibail-Rodamco-Westfield has reported solid results, but its UK operations (the London Westfield malls) suffered from the same problems we heard about at rivals Hammerson and Intu this week.