Intu Properties PLC intu leasing update
14 June 2018 - 5:00PM
RNS Non-Regulatory
TIDMINTU
Intu Properties PLC
14 June 2018
14 June 2018
intu
Leasing update: retailer investment in intu's prime destinations
continues
Hotel Chocolat, Mitsubishi, The Florist and House are the latest
brands to announce new leases with intu, as the owner, manager and
developer of the UK's most popular retail destinations continues
the positive momentum in lettings following its trading update in
April.
New leasing activity
Luxury British chocolatier and cocoa grower, Hotel Chocolat, is
opening a 1,797 sq ft café store at intu Derby. The retailer
already has eight stores across intu's portfolio of prime retail
and leisure destinations, including intu Lakeside and intu Trafford
Centre.
Mitsubishi Motors has signed up with intu to open its first-ever
retail store at intu Lakeside. The new store concept, designed by
London-based creative agency Dalziel & Pow, will feature the
retailer's latest vehicles, including the Mitsubishi Outlander
PHEV, and will include interactive digital displays that invite
customers to discover more about the brand and its model range.
Work is currently underway on a 175,000 sq ft leisure
development at intu Lakeside, which will include brands such as
Flip Out, Puttshack, Nickelodeon and Hollywood Bowl. The new
development will be the first retail resort concept for the South
East and will bring in customers from further and for longer while
helping all retailers flourish.
New World Trading Company (NWTC) has chosen to open its latest
venture, The Florist, at intu Watford with a 9,030 sq ft unit. The
new signing will complement the GBP180 million refurbishment and
extension project at the centre. The Florist offers deli,
rotisserie and grills. The development project at intu Watford will
create an enlarged 1.4 million sq ft retail and leisure destination
when it opens later this year, and will also include a 9-screen
IMAX cinema, Hollywood bowl and 11 new restaurants.
Over two thirds of the retail and leisure extension at intu
Watford is now let. The development is transforming the retail and
leisure landscape in Watford, and is set to elevate the town
alongside Edinburgh and Bristol in CACI's top 20 national retail
destinations ranking.
Australian retailer, House, opens its sixth UK store at intu
Chapelfield as it works with intu to expand across the country.
House's 2,441 sq ft store will sit alongside other international
retailers like Hollister, Smiggle and Timberland. Accessories brand
Skinny Dip also opened one of its first bricks-and-mortar stores
there last year.
David Fischel, intu chief executive, commented:
"Retailers continue to gravitate towards our prime, high
footfall destinations that together are visited by over half the
UK's population every year. We are seeing the continuation of two
key trends: great new brands making intu centres their first port
of call as they expand their physical presence, and established
retailers upsizing their units to create flagship locations that
form a centrepiece of their multichannel strategy."
-End-
ENQUIRIES
Justin Griffiths, Victoria Heslop, Chloe Rutland
Powerscourt
Tel: 020 7250 1446
NOTES FOR EDITORS
intu owns and manages some of the best shopping centres, in some
of the strongest locations, in the UK and Spain.
Our UK portfolio is made up of 17 centres, including ten of the
top 25, and in Spain we own three of the country's top 10 centres,
with advanced plans to build a fourth.
We are passionate about creating compelling experiences, in
centre and online, that make our customers smile and help our
retailers flourish.
We attract over 400 million customer visits and 26 million
website visits a year offering a multichannel approach that truly
supports retail strategies. In 2017, we launched the UK's first
tailor-made promotional services model to help brands as they look
to optimise their portfolio or expand their UK coverage.
Our strategic focus on prime, high-footfall flagship
destinations, combined with the strength and popularity of our
brand, means that intu offers enhanced footfall, dwell time and
loyalty. This helps our retailers flourish, driving occupancy and
income growth.
We are committed to our local communities, with our centres
supporting over 120,000 jobs (representing about 3 per cent of the
total UK retail workforce), and to operating with environmental
responsibility. We have already met or exceeded a significant
number of our 2020 environmental targets.
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END
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