Intu properties change to the Board

Posted On Thursday, 26 July 2018 12:40 Published by
Rate this item
(0 votes)

Intu announces that David Fischel, Chief Executive, will be standing down from the Board and leaving intu once a successor to David has been appointed.

 DAVID-FISCHEL

intu’s Chairman, John Strachan, said: “David has been with the Group since 1985, and Chief Executive since 2001, a period which has included transformative events such as the demerger of Capital & Counties in 2010, the intu Trafford Centre transaction in 2011 and the rebranding as intu in 2013. He has played a major role in intu becoming the UK’s leading owner, developer and manager of large scale regional shopping centres with some £10 billion of assets.

Under the proposed Hammerson merger, David was expecting to stand down upon the transaction completing. That transaction is no longer proceeding, and the Board is enormously grateful to David for agreeing to remain in post for a longer period than he had envisaged, giving the Board sufficient time to search for a suitable successor.

I would like also to extend my personal gratitude for the substantial contribution David has made to this business over many years.”

intu will provide further detail on timing once a successor has been identified.

Last modified on Thursday, 26 July 2018 12:48

Most Popular

Residential sectional title sales again on the rise

May 27, 2021
Andrew_Golding_Golding_PropertyGroup
Over the past 15 years, the sectional title market in South Africa has become entrenched…

Pick n Pay and Fortress co-invest in a super distribution centre development

May 26, 2021
Fortress_Pick_n_Pay
Fortress REIT announced that their biggest logistics development to date was signed with…

Ongoing property market uncertainty makes the right finance partner key to extracting value

May 26, 2021
Claire Denny
Results from the listed property sector in 2020 showed property values reducing by an…

East Rand Mall will soon deliver the first phase of its major taxi rank upgrade

May 26, 2021
Phase 1 upgrade to the taxi rank at EastRand Mall
The first-phase upgrade of East Rand Mall taxi rank in the retail heart of Boksburg,…

Insurance policy renewals – the devil is in the details

May 27, 2021
PJ_Veldhuizen
Although your insurance policy should be reviewed annually, by paying your insurance…

Please publish modules in offcanvas position.