London-listed Capital Shopping Centres Group has become Intu Properties as part of a £25 mln modernisation drive which will also see it create a new digital infrastructure.
London-listed Capital Shopping Centres Group has become Intu Properties as part of a £25 mln modernisation drive which will also see it create a new digital infrastructure.
Share trading under the new name Intu Properties started on 18 February 2013.
The company said it was investing £25 mln in its teams and new digital infrastructure over three years to roll out Intu's visual identity and its 'World Class Service' programme at the 12 directly managed centres.
This will involve installing a 'future-proofed', centre-wide, high capacity fibre optic cabling and wifi networks. In spring Intu will launch intu.co.uk, a transactional, fashion-focused, mobile-enabled website with a range of products from the group's retailers.
Intu manages a portfolio of15 shopping centres valued at £7 bn (€8.1 bn). Ten of the assets figure among the list of the top 25 shopping centres in the UK.
In November 2012 the company estimated that half of the UK population, some 30 million people, visit one of its centres every year and two thirds live within a 45-minute drive time of one of the shopping centres.
