Essex
This coverage examines retail developments across Essex, focusing on store openings and closures, shopping centre activity, redevelopment projects, and shifts in consumer behaviour. Reporting includes updates from key locations such as Lakeside, Basildon, Southend-on-Sea, and Brentwood, analysing how economic pressures, online competition, and local regeneration efforts are shaping the region’s retail landscape. The content is tailored for retail managers, property professionals, and executives overseeing operations in regional markets.
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Jan- 2020 -20 JanuaryProperty
Intu seeks £1bn of emergency funds
Intu has announced it will seek to raise equity in its efforts to fix its balance sheet. The commercial real estate giant said it was a “number one priority” to make progress in its strategy to fix the balance sheet, which included targeting an equity raise alongside its full year…
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Nov- 2019 -29 NovemberShopping Centres
Intu drafts in PwC advisers
Intu properties has appointed PwC advisers to help the restructuring of its balance sheet. According to Sky News, the shopping centre has hired PricewaterhouseCoopers (PwC) to work alongside its existing City advisers. It is understood the appointment has taken place in the last few days ahead of the festive period.…
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Jul- 2019 -31 JulyShopping Centres
Intu reports 7% drop in rental income amid ‘challenging’ first half
Shopping centre owner Intu has reported a 7.7% decrease in net rental income during a “challenging” first half of the year and said it expects a similar result for the rest of 2019. During the first six months of the year ending 30 June its rental income fell to £205.2m…
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16 JulySupermarkets
Sainsbury’s Waltham Point warehouse staff set for second strike
Sainsbury’s warehouse staff at Waltham Point are set to go on strike for the second time later this month following a dispute over an attendance scheme. Staff at the ‘Big Four’ grocer’s distribution centre in Essex will take part in a second round of 24-hour strike action on Thursday, 25…
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May- 2019 -2 MayEconomy
Increase in redeveloped units set to ‘reimagine’ retail
The number of units that were structurally changed or redeveloped (demolished, merged, split or converted for another use such as residential or logistics) increased by 32% in 2018 as landlords and place managers work to “reimagine requirements” for bricks-and-mortar retailing. A new report released by retail location insight business, Local…
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Apr- 2019 -4 AprilShopping Centres
Intu appoints finance boss as new chief exec
Following a nine month search Intu has appointed its current chief financial officer, Matthew Roberts, as its new chief executive with effect from Monday 29 April 2019. Roberts, who has been CFO since May 2010, will succeed David Fischel who will be standing down from the board and leaving intu…
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2 AprilPeople Moves
Intu still seeking CEO replacement it confirms
Shopping centre owner Intu has confirmed it is still seeking a replacement for outgoing CEO David Fischel. This is despite reports from the Sunday Times claiming that the owner of the Trafford Centre in Manchester and Intu Lakeside in Essex was favouring a move for former Travis Perkins chief operating…
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Nov- 2018 -26 NovemberShopping Centres
Mike Ashley vows to pull 17 stores from Intu Properties
Sports Direct owner Mike Ashley has vowed to close all his stores located in Intu shopping centres following a rent row over four House of Fraser stores. The move will see Ashley shut 17 stores — a mix of Sports Direct, House of Fraser, Flannels, USC and Evans Cycles…
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14 NovemberShopping Centres
Intu gives consortium another extension to consider £2.9bn deal
Intu properties has given the consortium led by John Whittaker a second extension allowing them to consider making a £2.9bn offer. The consortium is made up of Whittaker’s investment firm the Peel Group, Saudi Arabian company the Olayan Group and Canada’s Brookfield Property Group. On 4 October 2018 the consortium…
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Oct- 2018 -31 OctoberShopping Centres
Intu gives Whittaker-led consortium two week extension to consider takeover bid
Intu properties has given a consortium, led by deputy chairman John Whittaker, a two week extension to make a firm bid or walk away from the £2.9bn deal. On 4 October 2018 a consortium comprising the Peel Group, the Saudi Arabian Olayan Group and the Canadian investor Brookfield Property Group…
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