Intu Properties, which was unbundled from Donald Gordon’s Liberty International in 2010, saw more than R2bn, or a fifth of its market value erased on the JSE on Wednesday after a trading statement warned its rental income growth would slow.

The company, which owns 17 malls in the UK and three in Spain, said it expected like-for-like rental income for its 2019 financial year to December fall 9%...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now