Shopping centre giant confirms £679m construction plans

Grant Prior 3 months 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

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

Hinkley chief buyer joins Murphy

Laing O'Rourke procurement head Ian Holcroft joins rival contractor
3 hours ago

O’Rourke firms fined £3.8m after concrete factory death

Court hears how worker was crushed by 11 tonne concrete panel
11 hours ago

Skanska schools director joins Wates

Martin Kramer joins Wates as Home Counties pre-construction director
7 hours ago

Architect trio advance £200m Gateshead Quay plan

Plan for conference and exhibition centre to be submitted by the end of next year
8 hours ago

Lendlease profit rebounds despite Scottish problems

UK construction business returns to strong profit
10 hours ago

McAlpine to start HMRC office at Cardiff central square

Work to start on fourth major office build at £400m city centre regen scheme
11 hours ago

Prime Minister summons house builders to strategy meeting

Theresa May looks to boost construction levels
11 hours ago

Muse leads £75m Dartford town regen scheme

Work to start in spring 2019 on Westgate mixed-use scheme
1 day ago

BAM submits £32m Jedburgh campus plan

Work to start in spring on borders all-through school campus
11 hours ago

Trio picked for Midlands multi-storey parking plan

Bourne Parking, Blackwells and Dawnus in line for multi-storey park and ride programme
1 day ago

Multiplex staff let go as sites run down

Site office teams broken up as schemes nearing completion
1 day ago

Bouygues set for £300m Cavendish physics lab

Cambridge University awards first contract under new framework
1 day ago

Murphy to install 60km underground power cable

Contractor to smash UK record for horizontal drilling
2 days ago

McMullen lands £11m cladding package from O’Rourke

Specialist to start on site in April at Liverpool cancer hospital
1 day ago

Bellway delivers 11% rise in home completions

Bellway plans to open new division in the north as demand surges
1 day ago

Mace seeks to boost transport consultancy

Mace makes two senior appointments to drive airport and highways work
1 day ago

Lidl to build its largest UK warehouse in Peterborough

New £80m warehouse is discount giant's 6th to be announced this year
2 days ago

Concrete problems hit Hinkley Point tunnels

Material needs to be replaced after failing quality checks at nuclear plant
2 days ago

Interserve lenders call in advisers amid cash crunch fears

Interserve says work underway to give greater clarity on current trading and provisions
2 days ago

Balfour/Mott seals £115m area 10 road upkeep extension

Highways England opts to extend Area 10 assets support contract
2 days ago

Morgan Sindall nets £16m fisheries HQ

Existing Cefas buildings in Lowestoft will be refurbished before new office is built
2 days ago

Construction growth to stagnate next year

Construction faces recession if promised infrastructure spend delayed
3 days ago

M+W wins £25m Newton’s apple tree lab job

Work to start in December on National Physical Laboratory measuring lab
2 days ago

Seven winners on £200m Manchester roads deal

Four-year framework starts in January for highways work across the city
2 days ago

Sisk clinches £190m Great Ormond Street phase 4

Sisk beats Skanska to major clinical building project at London children's hospital
6 days ago

Carillion in talks to sell healthcare business

Contractor approached by a number of serious potential buyers
6 days ago

Network Rail secures £48bn for 2019 – 2024 programme

Funding shake-up with new gateway system to avoid overspends on major projects
6 days ago

Virtual reality backpack allows site walk throughs

Wearable computer takes VR to all parts of buildings under construction
5 days ago

Interserve mobilises for £20m Barnsley sewage works

Contractor to start first job with Yorkshire Water under new relationship
5 days ago

BAM to build £33m Edinburgh spec office

Capital Square office development to start this month
5 days ago

Contractor services