TIDMINTU
Intu Properties PLC
18 October 2018
18 October 2018
intu properties - Leasing Update
Mazda, Shortlist Media, Monki, Oliver Bonas and Typo are among
some of the latest brands to sign new leases with intu which owns
and manages some of the best shopping centres in the strongest
locations in the UK and Spain.
Highlights from intu's latest leasing snapshot, covering the
period from August 2018, include new openings for Debenhams,
anchoring the GBP180 million intu Watford extension and featuring
the department store's first Beauty Hall of the Future concept,
with 24 new brands and two great dining options.
Selected leasing highlights from the period:
-- High quality retailers choose intu centres to open new stores
o Swedish fashion retailer Monki, part of the H&M Group,
will launch its latest store at intu Eldon Square in November
taking 3,700 sq ft of space
o Oliver Bonas signed up for a 2,000 sq ft store at intu
Chapelfield in September
o Debenhams launched its new concept store at intu Watford in
September, the first to open as part of intu Watford's GBP180
million development
o Australian stationery and gifting retailer Typo is opening at
three intu centres including 1,250 sq ft at intu Watford's new
extension, which opened in September
o Abercrombie & Fitch opened its eagerly awaited brand new
5,554 sq ft store at intu Trafford Centre in September, the first
of the brand's eight new prototype stores to be launched in
Europe
-- The trend of successful retailers upsizing to create flagship stores continues
o Next opened one of its biggest stores in the UK at intu Merry
Hill, in August. At 55,000 sq ft it is nearly double the size of
its previous store at the centre
o Primark will also open an extended new store at intu Merry
Hill this year by expanding into a former BHS to create 70 per cent
more space
-- intu further increases the leisure and experiential offering at its centres
o Partnership with Mazda to bring virtual driving experiences to
five intu centres
o Stylist Live, hosted by a number of lifestyle, fashion and
beauty brands, with talks from a number of influencers, experts and
celebrities, came to intu Trafford Centre this month, attracting
tens of thousands of visitors
o meetspace VR is launching Zero Latency, the global leader in
free-roam, multiplayer virtual reality (VR) gaming, with the first
site in the UK at intu Victoria Centre in Nottingham in October
o InmotionVR, another VR Offering, is set to roll out its
content creation, motion platforms and proprietary content
management at four intu centres
o Rock Up, the popular climbing and adventure centre, opened at
intu Watford in September with 8,450 sq ft of double height
space
David Fischel, intu chief executive, commented: "Despite wider
industry challenges, exciting, innovative brands are choosing our
prime locations which offer a compelling mix of retail, leisure and
experience, and deliver reliably high footfall. This demand shows
just how important winning destinations like ours are to customers
and brands alike; where customers come for not only the very best
choice of shops and brands under one roof, but also that
all-important shopping day-out experience.
"The highly successful opening of Debenhams at our brand new
intu Watford extension is a great example of how landlords can
collaborate closely with retailers to help them deliver the very
best destination stores that create value for their both their
business and customers."
Additional details:
Dynamic leasing activity
Mazda, the Japanese multinational car manufacturer, partnered
with intu in August to bring virtual reality driving experiences to
thousands of customers. This saw the manufacturer bring virtual
driving experiences to intu Lakeside, intu Braehead, intu Trafford
Centre, intu Victoria Centre and intu Milton Keynes
The experiences offered customers the chance to enjoy a
360-degree immersive virtual reality test drive of the Mazda sports
cars MX-5 or CX-5. Using VR goggles, and whilst seated in a real
Mazda car, customers experienced a thrilling virtual drive along
the winding roads of the Italian Alps, or around the famous
Longcross test track in Surrey. As part of the leasing arrangement,
Mazda also worked with intu to optimise its brand through intu's
affiliate website, intu.co.uk, and across intu centres via ambient
media.
Elsewhere, Shortlist Media brought a new version of its
large-scale consumer event, Stylist Live, to intu Trafford Centre
in September for its first ever activation outside London. The
newly expanded event attracted tens of thousands of people and saw
the publisher occupy space throughout intu Trafford Centre for an
entire weekend. Shoppers were given the chance to join in with a
brand new, immersive shopping experience, demonstrating intu's
commitment to innovative and exciting retail leasing. The event
hosted a number of lifestyle, fashion and beauty brands, a Stylist
Live catwalk, as well as a series of talks from a number of
influencers, experts and celebrities.
Swedish fashion retailer Monki will launch its latest store in
November at intu Eldon Square in Newcastle. The new 3,700 sq ft
store will involve a concept fit-out from Monki, bringing the
brand's own unique aesthetic to the centre. The clothing brand,
which is part of the H&M Group, launched its first UK store in
London's trendy Carnaby Street. It now has over 115 stores in 15
markets and is expanding into carefully selected physical locations
in the UK.
Popular British lifestyle brand Oliver Bonas has signed up for a
2,000 sq ft store at intu Chapelfield, as the retailer continues
its expansion in the UK. The brand will offer its unique range of
homeware, gifts and fashion collections, designed in-house by the
Oliver Bonas team.
Australian stationery and gifting retailer Typo is opening new
stores at three intu shopping centres as part of its expansion
across the UK. These include a 1,250 sq ft unit at intu Watford,
which has just unveiled a GBP180m extension. The Typo opening in
September at intu Watford followed its arrival at intu Merry Hill
earlier that month within a 935 sq ft unit. A third 1,114 sq ft
store will open at intu Eldon Square in October, placing Typo at
the heart of Newcastle city centre.
Store openings
September saw the opening of Debenhams at intu Watford. The new
concept store is the first to open as part of the centre's GBP180m
development which adds 400,000 sq ft of retail and leisure space,
elevating Watford to one of CACI's top 20 national retail
destinations, ranking alongside Edinburgh and Bristol. The growing
appeal of intu Watford as a shopping destination will also increase
its potential catchment population from 1.6 million to 2.8 million,
making intu Watford the number one choice for even more shoppers.
Retailers and operators will also reap the benefits of a 47%
increase in market potential and a 73% increase in comparison goods
expenditure.
Following a lease-signing earlier this year, contemporary
clothing retailer and American favourite Abercrombie & Fitch
opened its eagerly awaited brand new store at intu Trafford Centre
in September which drew in thousands of customers during the first
week of launch alone. The store is one of eight new prototype
stores launched by Abercrombie & Fitch since February 2017 and
the first in Europe. The new design demonstrates improved customer
engagement: the layout includes innovative fitting rooms with
separate controls for light and music, as well as a phone charging
dock. Selected fitting rooms act as private suites accommodating
larger groups of friends and families, while increased cash desks
enable a quicker and more accessible checkout experience.
At intu Merry Hill, Next opened one of its biggest stores in the
UK in August which at 55,000 sq ft is nearly double the size of its
previous store there. Primark will also open an extended new store
at intu Merry Hill this year by expanding into a former BHS to
create 70 per cent more space.
Leisure offering strengthens at intu's shopping centres
meetspace VR is launching Zero Latency, the global leader in
free-roam, multiplayer virtual reality (VR) gaming, with the first
site in the UK at intu Victoria Centre in Nottingham in October,
boosting the centre's combined retail and leisure offering. Founded
in 2014 in Australia, Zero Latency is the pioneer and global leader
in warehouse scale, free-roam, multiplayer virtual reality
entertainment. The brand's advanced platform provides up to eight
users with a fully immersive gaming experience - including battling
armies of zombies and droids or drones - where players can use
their bodies as the controller, via wearable technology.
Separate VR operator, InmotionVR, announced it has signed a
string of retail leases with intu across four of its centres. The
VR operator, which is set to roll out its content creation, motion
platforms and proprietary content management to intu Derby, intu
Eldon Square in Newcastle, intu Uxbridge and St Davids in Cardiff
marks a developing new trend for exciting VR experiences in retail
shopping centres.
Elsewhere, intu Watford has welcomed Rock Up, the popular
climbing and adventure centre, boosting the centre's combined
retail and leisure offering. Rock Up, which opened September 2018,
occupies a huge 8,450 sq ft double height space at the centre.
intu as a socially responsible business
intu has been ranked in the top 200 companies globally for
gender balance and gender equality as part of the 2018 Equileap
Gender Equality Global Report and Ranking, ranking 99 from a global
list of 3,000 companies analysed.
-End-
ENQUIRIES
Justin Griffiths, Mazar Masud, Victoria Heslop
Powerscourt
Tel: 020 7250 1446
Mark Thomson, Ceyda Phillips
intu
Tel: 020 7887 7011
NOTES FOR EDITORS
intu owns and manages some of the best shopping centres, in some
of the strongest locations, in the UK and Spain.
Our UK portfolio is made up of 17 centres, including ten of the
top 25, and in Spain we own three of the country's top 10 centres,
with advanced plans to build a fourth.
We are passionate about creating compelling experiences, in
centre and online, that make our customers smile and help our
retailers flourish.
We attract over 400 million customer visits and 26 million
website visits a year offering a multichannel approach that truly
supports retail strategies. In 2017, we launched the UK's first
tailor-made promotional services model to help brands as they look
to optimise their portfolio or expand their UK coverage.
Our strategic focus on prime, high-footfall flagship
destinations, combined with the strength and popularity of our
brand, means that intu offers enhanced footfall, dwell time and
loyalty. This helps our retailers flourish, driving occupancy and
income growth.
We are committed to our local communities, with our centres
supporting over 120,000 jobs (representing about 3 per cent of the
total UK retail workforce), and to operating with environmental
responsibility. We have already met or exceeded a significant
number of our 2020 environmental targets.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAUWARRWKARARA
(END) Dow Jones Newswires
October 18, 2018 02:01 ET (06:01 GMT)
Liberty International (LSE:LII)
Historical Stock Chart
From Jul 2024 to Aug 2024
Liberty International (LSE:LII)
Historical Stock Chart
From Aug 2023 to Aug 2024