Strong year for shopping complex owner

THE owner of the Trafford Centre shopping and leisure complex, intu properties, says net rental income increased 8% to £428m.

Profit for the year ended December 31 of £518m included a £351m property revaluation surplus (2014: £600m included £648m property revaluation surplus).

Chief executive David Fischel said:  "We are pleased to report a strong set of results for 2015 with a 7% increase in underlying earnings per share and a 4% revaluation surplus taking investment properties to £9.6bn.

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