Work on a £75 million transformation of Intu Trafford Centre’s Barton Square will start later this year to deliver a fully redesigned interior and a new glass-domed roof. Primark has signed up as anchor tenant.
The collapse of its merger deal with Intu may have been a shock to Hammerson’s system but the malls giant is hitting back with a review of its strategy on which consultant McKinsey is working, a newspaper said Monday.
The lifestyle clothing company has launched a new 4,800-square-foot store in the upper Platinum Mall at Intu Metrocentre. It stocks the brand's sustainable ranges as well as the Copper and Black occasionwear collection.
Intu is investing an additional £13m in Intu Watford to replace existing flooring, ceilings and lighting, and upgrade the car parks. The makeover is expected to be ready in time for the launch of the centre’s extension.
A £3.4 billion takeover of British shopping centre operator Intu Properties by bigger rival Hammerson has been formally scrapped after Hammerson was freed from its obligation to hold a shareholder vote on the deal.
Giant retail landlord Hammerson is revisiting plans for a massive site in Birmingham that will be near the new HS2 station and could turn into one of the city's most important retail locations as a result.
Will a day go by this month when Hammerson isn't in the news? Perhaps not. The big story today is that the proposed mega-merger between the shopping centres giant and its smaller peer isn't going to happen.