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
Over the last 10 years, we have effectively rebuilt intu Eldon Square to create a dynamic shopping experience in the heart of Newcastle and our investment in intu Potteries has created a new shopping destination for the people of the Midlands.
More recently our £180m redevelopment of intu Watford was completed earlier this year with Debenhams opening on 27 September with their new store format. Over the next few months more fantastic new brands such as Superdry, Jack Wills, Yo Sushi, Hollywood Bowl and Cineworld will also open, completing the transformation and elevating Watford to a top 20 retail destination in CACI's national ranking.
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.
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. This year we also completed the rebranding of intu Puerto Venecia
Our acquisition of Xanadú Madrid, 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
Discover more insights
Helping retailers flourish this Christmas
intu is helping retailers flourish this Christmas with our 'Impossible Gift' campaign because even the most wildest of dreams can come true at intu
Alex Barbany managing director of intu’s Spanish business tells us more about the retail landscape and outlook in Spain
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.