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
Over the next three years, we are spending £600 million on developing our centres in the UK to create the market-leading shopping and leisure destinations that retailers want to be in and customers want to visit.
Making sure our centres are the sort of places that customers want to come back to time and again helps retailers flourish, brings new life to city centres and creates new dynamic night-time trade. It also brings lots of economic benefits to communities.
It's win-win – for customers, retailers, communities and our own business.
What goes up must come down and at intu Watford the transformation is in progress with demolition works complete, steelworks underway and the latest operator Hollywood Bowl announced as part of this multi-million pound project.
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
Over the last 10 years, we have effectively rebuilt intu Eldon Square to create a dynamic shopping experience in the heart of Newcastle. Our investment in intu Potteries is creating a new shopping destination for the people of the Midlands.
Our plans for the next three years will be just as transformational. intu Watford is set to become one of the country’s top 20 centres after a £178 million investment, which will see a new cinema, restaurant, department store and a refurbishment of existing malls.
intu Broadmarsh will be redeveloped to match the standard of neighbouring intu Victoria Centre, and intu Lakeside will see a new concept leisure extension.
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 launch of intu Asturias.
The acquisition of 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.
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
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
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Investing in the UK retail market
Find out what attracts international retailers to the UK market and what turns them off in our report delivered in partnership Revo.
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Nottingham’s favourite meeting point, the water-powered clock designed by local boy Rowland Emett, was a bit in the way when we drew up our plans to renovate intu Victoria Centre, and was in something of a sorry state anyway. So we took it apart, repaired it and put it back where it belongs, in the hearts of local shoppers.