FINANCE: Regional property mogul John Whittaker has upped his stake in Intu Properties by almost 1.5m shares via several transactions over the Christmas period.
Through a string of companies – Castlewood Holdings, Mug Shot 1, Carr Laund, Bexton Croft 1, DPP and Albright Investments – Whittaker paid around £5m for the shares.
The transactions take his stake in the shopping centre group, of which he is deputy chairman, to 22.5%, or 296m shares.
The billionaire investor, who also controls Peel Group, signed an agreement to limit his maximum stake to 25% that expired in January 2014.
Intu is one of the largest owners of UK shopping centres.
