Intu
This coverage examines Intu’s role and legacy in the UK shopping centre sector, with reporting on administration proceedings, asset sales, management changes, and the ongoing impact on tenants, landlords, and retail operations. Content is relevant for retail executives, property managers, and decision-makers assessing risks, opportunities, and strategic responses within large-scale retail property environments.
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Nov- 2019 -25 NovemberShopping Centres
Intu sells Sprucefield Retail Park in £40m deal to NewRiver
Shopping centre owner Intu has announced the sale of its Sprucefield Retail Park to real estate investment trust NewRiver in a £40m deal. The retail park is located in Lisburn, Northern Ireland and comprises of 231,000 sq ft of retail space in five units, and features stores such as Sainsbury’s…
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Aug- 2019 -8 AugustShopping Centres
Intu submits plans for £168m face-lift at Lakeside centre
Shopping centre operator Intu has submitted plans to Thurrock Council for a £168m development of its Lakeside centre. The proposal will look to extend the centre north and eastwards creating around 40,000 sqm of retail space, with plans for a new department store and floorspace for shops, cafés and restaurants.…
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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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Jun- 2019 -4 JunePeople Moves
Intu appoints new CFO
Intu has appointed Robert Allen as it new chief financial officer with effect from Monday, 10 June 2019. Allen served as group CFO of Crest Nicholson Plc for two years until 2018. From 1998 to 2016, he held a number of senior finance roles at British American Tobacco Plc including…
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Apr- 2019 -18 AprilShopping Centres
Kuwait-based investors acquire 50% stake of Intu Derby
Intu properties and Cale Street Investments LP, an investment firm backed by the Kuwait Investment Office, London, have announced the establishment of a 50/50 joint venture for the Intu Derby shopping centre. The real estate investment firm will acquire for cash the 50% interest for consideration which values their share…
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17 AprilEconomy
Shopping centre landlords offer free space to retailers
Revo, the organisation that represents the retail community, has launched a new competition to give budding retail entrepreneurs free space in shopping centres and help with marketing. The organisation driving retail placemaking across Britain and Ireland has launched a major new campaign to find the next generation of retail talent…
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15 AprilPeople Moves
Intu appoints new independent non-executive director
Shopping centre owner Intu has announced the appointment of Cheryl Millington as an independent non-executive director. The appointment will take effect from the conclusion of Intu’s AGM on 3 May 2019 with Millington becoming a member of Intu’s remuneration, audit and nomination and review committees. Millington is currently a non-executive…
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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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Mar- 2019 -28 MarchClothing & Shoes
Arcadia ‘draws up list of 67 store closures’
Arcadia has listed 67 stores it wishes to close across all of its brands, the Financial Times has reported. As seen by the publication, stores of varying sizes across the UK and Ireland with a total annual rent of £11m are set to be shut. These include Burton, Topshop, Evans,…
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