Intu announced the appointment of Robert Allen, formerly at Crest Nicholson, as its new chief financial officer.

Intu confirmed that Allen would assume his role as of Monday 10 June of this year.

Before his two years at Crest Nicholson, he held a number of senior finance roles at British American Tobacco Plc.

Chief Executive Matthew Roberts commented on the appointment:

“I am delighted that Robert is joining us. He will bring to intu his extensive and highly relevant experience of refinancings, M&A, treasury, IT and investor relations, helping drive our strategy of delivering strong underlying centre performance, adapting to the fast-changing retail environment and making smart use of capital. I would also like to take this opportunity to thank Barbara Gibbes for undertaking this role on an interim basis.”

Intu properties is a real estate investment company, with specific interests in managing shopping centres.

The firm is listed on both the London Stock Exchange and it Johannesburg equivalent. It is a constituent of the FTSE 250 Index.

Intu owns various shopping centres including the Manchester Arndale Centre, Lakeside shopping centre in Essex and Broadmarsh in Nottingham, as well as Puerto Venecia in Spain.

Shares in the company (LON:INTU) are currently down -2.75% as of 11:37AM (GMT).