Departing Intu Properties CEO David Fischel. Picture: FINANCIAL MAIL
Roberts, a former Debenhams finance director, takes over at a difficult time for the UK’s mall owners, with online shopping surging in that market in recent years and consumer confidence dented by Brexit uncertainties. Intu’s shares have declined by 73.6% since reaching a high November 2015, with the stock closing at R19.73 on Wednesday.
“Matthew has a strong track record at Intu of successfully recycling capital, with over £1bn of assets having been sold since he joined,” the company said.
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