Developing our centres
Our investment in our UK assets creates the stylish and sought-after shopping destinations retailers and customers want, revitalises city centres and brings economic benefits to communities
We own a great portfolio of some of the best places to shop in the UK - but we never stand still.
As property developers, we are investing £600m over the next three years to deliver our UK development pipeline to create the market-leading shopping and leisure destinations that customers want to visit and retailers need to be.
Creating places that customers want to come back to time and again helps retailers flourish, brings new life to city centres , creates new dynamic experiences as well as local economic benefits. It also brings lots of economic and social benefits to communities.
It's win-win – for customers, retailers, communities and our own business.
Plans in the pipeline
We never stop challenging ourselves to create the very best shopping centre environments for customers to enjoy and where retailers can flourish.
We recently opened our 400,000 sq ft development at intu Watford which has, according to CACI, elevated the town to a top 20 retail destination alongside Edinburgh and Bristol. The growing appeal of the centre will increase its potential catchment population from 1.6 million to 2.8 million, making it the number one choice for even more shoppers.
We are also on site at intu Lakeside with a £78m leisure development that will create the UK's first retail resort complete with a Nickeldoeon themed family entertainment centre.
And, at intu Broadmarsh we've appointed Sir Robert McAlpine to deliver the £86 million transformation ahead of the contractor starting on site for the next phase of the project.
Over in Spain, a new type of regional centre, 'the retail resort' will take shape at intu Costa del Sol. We also have options on three other sites in Spain, at Vigo, Palma, and Valencia, where interest is growing after our successful rebrand of intu Asturias. We've also rebrand intu Puerto Venecia and intu Xanadú.
Our acquisition of intu Xanadú, along with our existing ownership of intu Asturias, Oviedo and Puerto Venecia, Zaragoza, takes our ownership to three of the top ten centres in Spain.
Maintaining high standards
Keeping our centres at the top of the game needs constant attention, and the next three years will see a programme of improvements at every one of our centres
There are certain qualities people expect from an intu centre. Some you can see; great design and architecture, and the use of the best quality materials. Some you can’t – excellent technical and technological infrastructure and reduced operating costs and environmental impact through energy efficient lighting and ventilation.
Then there are the things that go into making a compelling shopping experience; the retailers and restauranteurs that we attract and the shopping and leisure experiences we can offer. It's about having the right offer in the right places and that create shopping centres which entice customers to come and stay.
When we develop our centres we take all these things into account and create award-winning, crowd-pulling, in-demand shopping destinations.
UK population visit our centres
investment over the next three years
sq ft of shopping and leisure space
We create an environment for brands to showcase their products and provide an experience for shoppers that extends beyond just a purchase.
Development director, intu
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