Trafford Centre
This coverage explores the Trafford Centre’s significance within the UK retail landscape, with reporting on store openings and closures, leasing activity, redevelopment projects, consumer trends, and marketing strategies. Designed for professionals managing retail operations, property planning, and strategic decision-making in high-profile shopping destinations.
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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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Oct- 2019 -14 OctoberClothing & Shoes
Khaadi Fashion rescued after pre-pack administration
Asian clothing retailer Khaadi Fashion has been rescued after a pre-pack administration, saving the majority of its staff’s jobs. The Pakistani fashion and lifestyle brand was founded in 2013 and had operated from 10 stores nationwide in shopping centres such as Westfield London, Westfield Stratford, Bullring Birmingham and Trafford Centre…
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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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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 -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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5 OctoberShopping Centres
Intu deputy chairman considers takeover bid
John Whittaker, the deputy chairman of Intu, is believed to be considering a £2bn deal to take over the shopping centre developer that owns venues such as Lakeside in Essex and the Trafford Centre in Manchester. Whittaker currently owns 27% of the company and has formed a consortium via his…
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