Intu Properties occupancy rates unchanged

Posted On Wednesday, 08 May 2013 20:55 Published by Commercial Property News
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Intu Properties plc says the UK retail environment remains difficult with retailers continuing to be cautious in entering into store commitments.

Occupancy across its centres were 95% in the three months to March‚ unchanged from the same period in the previous year‚ but down 1% from the December last year.
 
“Although the UK retail environment remains difficult we have strong momentum across the business‚ with the rollout of our digitally integrated customer experience and our £1bn pipeline of development projects as we position each of our centres for medium term value creation‚” said chief executive David Fischel.
 
Tenant failures‚ lease expiries and tenant caution over new store commitments remained risk factors likely to continue to affect short term earnings‚ the company said.

 

Last modified on Saturday, 18 May 2013 18:27

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