Nottingham City Council has approved intu’s planning application for a catering cluster at intu Victoria Centre, marking a significant step forward in intu’s £40m investment plans for the centre.
The new dining area will cover two floors and provide for up to 12 units. The proposal also includes a feature entrance around the existing Grade II listed Clock Tower at the centre. The design will bring new elevation and facade improvements, and outside seating will be incorporated onto the existing piazza area, providing animation to the street scene.
Martin Breeden, asset management director said: “We welcome the Council’s decision and anticipate commencing works in 2014. Our initial marketing of the project has been very well received by restaurant operators, so with this decision, we’re well on our way towards creating a fantastic environment for our retailers, catering operators and customers.”
In addition to these works, intu has plans to invest substantial further sums in its two Nottingham centres with development plans for intu Broadmarsh followed by the northern extension at intu Victoria Centre which is awaiting determination by Nottingham City Council. It is expected that over 300 temporary construction jobs will be created to undertake the re-modelling and refurbishment works, which are anticipated to start during 2014.
Intu Properties
Intu Properties plc (formerly Capital Shopping Centres PLC) owns and operates some of the very best shopping centres, in the strongest locations right across the country, including ten of the UK’s top 25. You can find every one of the UK’s top 20 retailers in their shopping centres, alongside some of the world’s most iconic global brands.
With over 17 million sq ft of retail space valued at over £7 billion as at 31 December 2012, the centres attract some 340 million customer visits a year and two thirds of the UK population live within a 45 minute drive time of one of the centres.
At the forefront of UK shopping centre evolution since the 1970s our focus is on creating compelling destinations for consumers with added theatre.
On 15 January this year, the creation of a nationwide consumer facing shopping centre brand was announced – intu – and the transformation of its digital proposition including a transactional website, to provide the UK’s leading shopping centre experience on and off-line.
Intu has an investment plan of £1 billion over the next ten years on active management projects at most of its centres and major extensions.