Intu to revamp flagship 40,000 m2 UK shopping centre

Listed UK investor Intu Properties has unveiled plans to modernise its 40,000 m2 mall in the English retail city of Milton Keynes.

The proposal is part of a £1.3 bn (€1.8 bn) development pipeline planned by Intu in the UK over the next 10 years, which also includes redevelopment programmes in Nottingham and Stoke-on-Trent.

The Milton Keynes project involves remodelling the central Midsummer Boulevard area, a new dining quarter over two levels and a five-screen cinema, as well as new external green spaces.

Regional director Martin Breeden said: ‘The mission here is twofold: to create prime, well-configured retail and catering space and also high-quality public spaces.’

Intu, which is listed on the London and Johannesburg stock exchanges, has over £7 bn (€9.6 bn) of retail assets under management and owns and operates nine of the top 20 shopping centres in the UK.