Shopping centre giant confirms £679m construction plans

Retail giant intu has confirmed development plans worth £679m are to take place over the next 3 years up to 2020.

Part of the current development plans include:

intu Lakeside construction, due to start shortly with a £71m extension intu Trafford Centre has plans for a £74m upgrade with construction set to start early next year with smaller works at other sites set to total £96m. intu Watford extension

David Fischel, intu Chief Executive said:

Our £679 million UK development programme is progressing on schedule with the £180 million intu Watford extension on target to open in Autumn 2018. “We expect to start shortly on the £71 million intu Lakeside leisure extension which is over 90 per cent let to tenants including Nickelodeon, Hollywood Bowl and multiple restaurants.

The firm added:

“Beyond 2020, we continue to work on securing the required planning approvals and tenant demand to start £1.3 billion of projects.

“We have the required planning approvals for extensions to intu Lakeside, intu Victoria Centre, intu Braehead and intu Milton Keynes and are at earlier stages of the approval process for the extension at Cribbs Causeway.”

Source: Construction Enquirer

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