Shopping centre giant confirms £679m construction plans

Grant Prior 8 years ago
Share

Retail giant intu has confirmed development plans worth £679m up to 2020.

Construction is due to start shortly on a £71m extension at intu Lakeside
Construction is due to start shortly on a £71m extension at intu Lakeside

Latest results for the six months to June 30 show £99m of capital expenditure by intu during the period.

That is set to ramp up over the next three years and grow again with a further £1.3bn of potential plans over the next ten years.

At intu Lakeside the Enquirer revealed that McLaren Construction is set to bag the main contract on an extension worth £71m.

Intu Trafford Centre has plans for a £74m upgrade with construction set to start early next year with smaller works at other sites set to total £96m.

The firm added: “Beyond 2020, we continue to work on securing the required planning approvals and tenant demand to start £1.3 billion of projects.

“We have the required planning approvals for extensions to intu Lakeside, intu Victoria Centre, intu Braehead and intu Milton Keynes and are at earlier stages of the approval process for the extension at Cribbs Causeway.”

David Fischel, intu Chief Executive said: “Our £679 million UK development programme is progressing on schedule with the £180 million intu Watford extension on target to open in Autumn 2018.

“We expect to start shortly on the £71 million intu Lakeside leisure extension which is over 90 per cent let to tenants including Nickelodeon, Hollywood Bowl and multiple restaurants.”

 

Latest news

Strabag seals financial close for £3bn HARP project

Work to start next year on North West's Haweswater aqueduct upgrade
15 hours ago

Civils winners revealed for £12bn National Grid high voltage work

Contractor wins complete £59bn investment programme
1 day ago

Watch giant HS2 bridge move complete ahead of schedule

Video highlights engineering feat in Birmingham
14 hours ago

Lee Marley posts record revenue despite project delays

Brickwork contractor weathers hiatus in high-rise starts to deliver fifth year of growth
14 hours ago

Latest contract winners in military living revamp

First phase sites allocated under new approach to Single Living Accommodation
14 hours ago

Plans go in for £45m transformation of derelict site

Family homes proposed for brownfield land in Edgbaston
14 hours ago

Cruden gets green light for Edinburgh housing job

Construction to start later this year to transform vacant 1950s building
14 hours ago

United Living quits new-build housing as costs mount

£136m-turnover housing arm to wind down as focus shifts to core infrastructure
2 days ago

Fight looms for £3bn West Midlands building framework

Galliford Try, Morgan Sindall and others face fight to keep CWM seats
2 days ago

Industry anger over sudden CITB funding changes

Smaller contractors lose funding route worth £10,000 a year
2 days ago

Plans in to transform former GSK London HQ with 2,300 homes

Landmark 13-acre scheme set to transform Brentford Great West Road campus
2 days ago

Watch Murphy near completion of major new rail bridge

Latest video reveals progress on Greek Street bridge during 21-day train suspension
2 days ago

Mount Anvil’s in-house builder drives results in testing market

Group development pipeline holds steady at 3,384 homes despite dip in profit
2 days ago

Costain margin heads for 4.5% after half-year profit rise

Roads and HS2 rephasing hit transport revenues but £5.6bn forward book to support growth
3 days ago

Hinkley contractors face prosecution over rebar mesh fall

Bouygues and Laing O'Rourke face action brought by the Office for Nuclear Regulation
3 days ago

Farrans to build new £59m Paisley bridge

Work to start soon on transport project for Renfrewshire Council
3 days ago

Crown Estate hires Olympics village veteran to lead delivery push

John Nicholson to oversee £16bn portfolio’s major UK development pipeline.
3 days ago

Henry Boot gets green light for 2,500 new homes

Hallam Land division sees signs planning system is speeding-up
3 days ago

Wates inks £100m deal on first new-design prison houseblocks

HMP Onley expansion leads roll-out of new standardised design
4 days ago

£122m deal to unlock Newcastle’s last brownfield site

Land remediation funding paves way for 2,500-home Forth Yards neighbourhood
4 days ago

McLaren lands Heathrow logistics deal

1.6 hectare airport site to be transformed into modern warehouses
4 days ago

McAlpine veteran to lead T&T’s project management drive

Former Olympic Stadium lead Mike O’Donnell takes lead role with focus on major capital project delivery
4 days ago

IES snaps up Nexus Power out of administration

Utilities group strengthens expertise in 400kV jointing and offshore markets
4 days ago

Thames Water tenders £120m water main rehab deal

Company seeks 2–5 contractors for London and South East renewal works
4 days ago

Lower Thames Crossing to lead green planning reforms

New system to avoid another £100m HS2 bat tunnel
4 days ago

Mace lands latest 30-storey City of London tower

85 Gracechurch Street near Leadenhall Market to be transformed
5 days ago

Vinci gets go-ahead for £250m Stockport 8 scheme

Contractor to start first phase of 435 net zero homes next year
5 days ago

£80m bid race to convert Oxford Debenhams into labs

Crown Estate advance plan to convert former six storey department store
5 days ago

Bennett steps-in to finish Guinness Covent Garden brewery

Original fit-out contractor Beck Interiors fell into administration
5 days ago

Work-to-rule set to hit Sellafield clean-up

Action by 1,500 construction workers across 34 contractors
5 days ago