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.
-
Jul- 2020 -16 JulyComment
Intu the unknown: The future of the shopping centre
Saddled with unsustainable levels of debt and lacking rental income over the past two quarters due to Covid-19 restrictions, Intu finally announced its move into administration earlier this month. The shopping centre giant’s collapse left thousands of shops and livelihoods on the line and it represented a pivotal moment for…
Read More » -
Mar- 2020 -26 MarchCoronavirus
Intu receives only third of rent
Intu revealed that it has received only 29% of its second quarter rent that was due from tenants on 25 March. For the same period last year, it had received 77% on the quarter day, and the group is now in discussions with its customers regarding the outstanding rents. In…
Read More » -
4 MarchShopping Centres
Intu abandons £1bn equity raise plans
Intu revealed it has abandoned plans to raise between £1bn and £1.5bn in emergency cash, citing “current uncertainty” in the equity markets. The retail property group had previously announced it was reviewing a “range” of options to fix its balance sheet and establish a “more appropriate” long-term capital structure. In…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »
