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Lakeside owner Intu Properties sees value of assets slide

Intu Properties is set to report a slide in the value of its portfolio this week as it gears up for a £2.9bn takeover by its biggest shareholder.

The owner of the Lakeside shopping mall and the Trafford Centre is expected to report a slight decline in its net asset value (NAV), which stood at 362p in June.

Reclusive billionaire John Whittaker is leading a consortium including Brookfield Property Group and the Olayan Group of Saudi Arabia that last week tabled an indicative 215p-a-share offer.

Click here for the Sunday Times article (£)

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