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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Feb- 2019 -20 FebruaryShopping Centres
Footfall drops at Intu shopping centres
Footfall at Intu shopping centres have seen a 1.6% decrease according to the group’s full year results for 2018. However, the company said it demonstrated a “resilient operational performance” despite a “challenging environment” as it claimed to outperform the national ShopperTrak retail average of a 3.5% decline in footfall. Intu’s…
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Jan- 2019 -23 JanuaryDepartment Stores
Sports Direct saves House of Fraser Intu stores
Four House of Fraser stores in Intu shopping centres have been saved from closure, avoiding the loss of more than 1,000 jobs. The Lakeside, Metrocentre, Norwich, and Nottingham stores were at risk of closing after Sports Direct was unable to reach an agreement with Intu Properties landlords. In November, Sports…
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Nov- 2018 -29 NovemberShopping Centres
Whittaker-led consortium abandons £2.8bn Intu offer
John Whittaker’s consortium has decided to scrap its bid to acquire Intu Properties following three extensions blaming the “uncertainty around current macroeconomic conditions” and the “potential near-term volatility across markets”. On 4 October 2018 a consortium comprising the Peel Group, the Olayan Group and Brookfield Property Group announced they were…
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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 NovemberDepartment Stores
House of Fraser to shutter Intu located stores
House of Fraser has announced “with regret” that House of Fraser is to close a further four stores located in Intu Shopping centres at Lakeside, Metrocentre, Norwich, and Nottingham. House of Fraser said the decision follows “various meetings” with the landlord, Intu Properties, but despite their “best efforts” the companies…
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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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23 OctoberShopping Centres
Intu sees property value drop amid ‘challenging’ period for UK retailers
Shopping centre owner Intu, has revealed its property value has dropped by 3% since the 1 July amid a “period that has been particularly challenging for UK retailers”. The company, which is currently considering a £2.8bn takeover from a consortium led by investment firm owner John Whittaker, announced it…
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19 OctoberShopping Centres
Westfield London named UK’s top shopping centre
Westfield London has been named the UK’s best performing shopping centre according to new research. The research by GlobalData also placed Westfield’s Stratford City in second and Bluewater in third. The shopping centres were ranked on performance (footfall, sales, turnover, dwell time), potential (shopper spending and five year forecasts), provision…
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19 OctoberHigh Street
Intu considering John Whitaker’s £2.8bn takeover bid
Shopping centre owner Intu has announced that it is considering a £2.8bn takeover bid from John Whittaker. Whittaker currently owns 27% of the company and has formed a consortium via his investment firm Peel Group, US asset manager Brookfield and Saudi Arabia’s Olayan on a possible bid for the remaining…
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