Press Release / 18 June 2014

intu Watford signs Cineworld as anchor tenant for £100m retail and leisure development

intu has signed leading cinema operator Cineworld as the leisure anchor for its £100 million retail and leisure development in Watford town centre. Cineworld will open a nearly 40,000 sq ft cinema, which will have approximately 1,500 seats and nine screens – one of which will be an IMAX.

intu has signed leading cinema operator Cineworld as the leisure anchor for its £100 million retail and leisure development in Watford town centre. Cineworld will open a nearly 40,000 sq ft cinema, which will have approximately 1,500 seats and nine screens – one of which will be an IMAX.

The £100 million project, which has received planning permission, includes plans to redevelop Charter Place and substantially refurbish the adjoining intu Watford centre. When complete, intu will integrate the two adjoining centres, creating an exciting 1.4 million sq ft destination, which will provide additional retail space, a cinema and leisure complex, along with a vibrant restaurant hub.
 
As part of the development, larger modern retail units will be created to attract strong brands and further enhance the shopping experience at intu Watford. A public square will also be created that will host a diverse events programme, such as street theatre and music shows.
 
Construction of the development is due to start in 2015 year with the development due to open in 2017.

intu Watford signs Cineworld as anchor tenant for £100m retail and leisure development

Rebecca Ryman, regional director at intu comments, “The signing of Cineworld to Watford as anchor for our development is hugely significant for the town. We will deliver a fantastic new dining, leisure and retail experience which will be the best in the region and the signing of Cineworld is a key part of that.”
 
Last November, intu also signed Cineworld as the anchor tenant for its leisure extension at intu Potteries, in Stoke-on-Trent.
 
Jenny Lee Property Acquisition Manager of Cineworld, said: “For Cineworld, key locations are vital to our brand. The exciting plans for intu Watford and the intu Watford extension enable us to bring the Cineworld brand to yet another important location.”
 
intu Watford has announced a number of signings recently – the most recent of which has been an upsizing for JD Sports which is now open, and the opening of a new store for Fat Face.
 
In 2013 intu Watford welcomed a number of new and upsizing retailers to the scheme including little Waitrose in John Lewis, Tortilla, Hotter Shoes, Watch Warehouse, Ed’s Easy Diner, L’Occitane, Paperchase, Boux Avenue and HMV as well as the upsizing of Next and Ernest Jones.