Intu: What went wrong?

A BRIEF TIMELINE
1980: Intu was founded by South African-British businessman Sir Donald Gordon as a real estate investment trust, largely focused on shopping centre management and development. It was initially called Transatlantic Insurance Holdings.
1982: Transatlantic Insurance Holdings acquired a 29 per cent interest in shopping centre developer Capital & Counties by way of a share issue.
1985: Transatlantic Insurance Holdings made a public offer and acquired a controlling stake in Capita