Intu appoints new chief investment officer

UK shopping centre operator Intu has announced the appointment of Dushyant Sangar as its new chief investment officer.

Dushyant is currently corporate development director at the company and has worked in re-shaping Intu’s strategic portfolio, having led the company’s investment and divestment transactions, including recent joint ventures. Since joining Intu in 2010, Dushyant has worked on over 5 billion pounds worth of transactions, the company said, including the acquisition of intu Trafford Centre, and has played a leading role in Intu’s entry into Spain.

In his new role, Dushyant will be responsible for implementing the company’s ongoing investment strategy as well as continuing to manage acquisitions and disposals.

“Dushyant is a very talented and experienced real estate investment practitioner who has played a vital role in our successful capital recycling over recent years,” Intu chief executive, Matthew Roberts, said in a statement.

“A key strategic objective for us is making smart use of capital which includes reducing leverage and prioritising investment that furthers our winning destination strategy. Dushyant will be key in delivering disciplined capital allocation across the business and I very much look forward to working with him.”

Photo credit: Intu