Intu Properties plc was a British real estate investment trust (REIT), largely focused on shopping centre management and development.
The company was established by Sir Donald Gordon in 1980 under the name Transatlantic Insurance Holdings plc as an offshoot of Liberty Life Association of Africa, a business he had founded in 1957.
[3] In 1992 it merged with Capital & Counties, a leading shopping centre developer, securing itself a listing on the London Stock Exchange.
[9] In January 2013, CSC announced its rebranding as Intu and the renaming of twelve of its shopping centres to incorporate the new consumer-facing brand.
[13] The company announced on 27 February 2013 that it had agreed to purchase Midsummer Place in Milton Keynes from Legal & General for £250.5 million.
[24] On 23 June, the company warned that shopping centres might close if financial restructuring talks with lenders failed, and lined up KPMG as administrators as a "contingency".
[32] As of 31 December 2019 the company's investment properties were valued at £5.9 billion,[1] when Intu owned or part-owned 17 shopping centres in the UK: