intu reports strong financial results

After intu Properties bought Derby's Westfield shopping centre in 2014 — now known as Bondholder intu Derby — the parent company has reported strong financial results for the centre.

For the six months ending in June 2016, revenues grew to £285.5million — an increase of £3.6million on the same period last year.

Occupancy at intu Derby is strong at near 100% and the centre has increased its value by 17% in its two years under new ownership.

David Fischel, Chief Executive of intu Properties, said: "We continue to focus on strengthening and improving our prime regional shopping centres, introducing new leisure concepts and increasing the dwell time of our 400 million customer visits per year."

intu Derby's strategy of encouraging shoppers to stay for longer is already paying off with new unit lets for the centre including Joe's Kitchen, Yo! Sushi, Krispy Kreme, Byron Hamburgers, MEXico, and BB's Coffee & Muffins.