The boss of Intu Properties has accused City analysts of “making up” claims that the the shopping centre group’s assets suffer from a lack of investment.
As he sought to save a £3.4bn tie-up with Hammerson, David Fischel, chief executive of Intu, said that he wanted to put a “number of myths about the company straight . . . I don’t think it’s fully appreciated just how good our shopping centres are. No one comes close to us in terms of quality of assets across the whole of the UK.”
He was speaking as Intu brought forward its planned trading update by a week in order to reassure the market of the company’s strength.
