intu optimistic about future growth

Inside the intu Derby shopping centre

Inside the intu Derby shopping centre

intu Properties (which owns Bondholder intu Derby) has reported it is back on course to achieving growth for the year ahead.

The news comes soon after intu Derby announced a host of new international stores opening this month including YO! Sushi, MAC Cosmetics and KIKO.

Since June, the parent company said it has seen an increase in demand from retailers with 84 new long-term leases agreed which will yield a massive £18 million a year in rent.

The economic recovery is now more obviously rippling out from London and the South East to other regions of the UK and our prime centres across the country are seeing strengthening underlying retailer sales performance
— David Fischer, Chief Executive at intu Properties

The firm reports that occupancy across its centres is now at 95.5% and that footfall was marginally up on the same period last year.