Britain's Intu Properties hikes full-year dividend

Bengaluru

BRITAIN'S Intu Properties Plc hiked its full-year dividend as values and demand for its large shopping centres held up well despite weakness in the broader UK property market following the Brexit vote.

Although UK retail property values fell 5 per cent in 2016, according to CBRE, Intu's adjusted net asset value per share was flat at 404 pence, helped by its strategy of owning better-performing "destination centres" that have drawn visitors with attractions such as food courts.