Intu SGS - comment

SGS continue to report strong monthly numbers from higher occupancy rates and higher collections. SGS management is making good progress on new lettings, but some caution is required as the beginning of the year has seen sales in fashion, health and beauty segments being impacted by the cost of sales. Footfall is still recovering and this impact is seen in strong Food and Beverage as Shopping Centres are retaining their “leisure time” status post-Covid.