Analysts have been critical of Intu Properties’ methods to turn around its fortunes, saying the company should have brought new blood into its management.  Intu — which was formed when Donald Gordon’s UK real estate group, Liberty International, split in 2010 — has made a number of investors impatient after underperforming in the past few years. Shares in the group, which owns a portfolio of British and Spanish shopping malls, have fallen 66% over the past five years. Its UK portfolio is made up of 17 shopping centres, and in Spain it owns three, with plans to build a fourth. Its malls and developments are worth about £9.2bn but the value of these assets has been under strain. In an attempt to bring momentum to the company, its board replaced long-standing CEO David Fischel with former CFO Matthew Roberts at the beginning of May and last week a new chief investment officer, Dushyant Sangar, was appointed. Sangar was formerly an operations manager at Intu.  In April, Barbara Gi...

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