Who took over INTU Lakeside?
Global Mutual
LAKESIDE shopping centre has been taken over by a major global firm. The Thurrock complex has been taken over by Global Mutual along with three other into centres – intu Watford, Victoria in Nottingham, and Braehead in Scotland.
Does intu still own Lakeside?
The new managers of Lakeside Shopping Centre, in Thurrock, have been revealed. Its previous managers, intu, fell into administration back in June. Last week, it was announced that the popular shopping centre is now being managed by Global Mutual and Savills.
When did Lakeside become intu?
The success of Lakeside was so epic that the idea for Bluewater was born and developed just the other side of the water in Kent, opening nine years later in 1999. The look of Lakeside has changed over the years, including a rebranding in 2013 when intu Properties took over the portfolio.
Has Lakeside been bought?
The centre was rebranded as “intu Lakeside” in 2013 following the renaming of parent Capital Shopping Centres Group plc as “intu properties plc”. The centre was sold in 2020 after Intu went into Administration. In November 2020, Lakeside was taken over by Savills, and was renamed to Lakeside Shopping Centre.
Who owns Lakeside Retail Park?
Landsec
Lakeside Retail Park is owned and managed by Landsec, the largest commercial property company in the UK.
Who owns Trafford Centre?
CPP Investment Board
The Trafford Centre/Owners
CPP has acquired the 2.2m sq ft shopping centre in Trafford, Greater Manchester, through its wholly owned subsidiary CPPIB Credit Investments.
What’s better Lakeside or Bluewater?
Bluewater is much better than it’s rather downbeat neighbour over the Essex border from Dartford – Lakeside – just need to add a bit more variety to the shopping experience to make this centre FAB! Food Galore! Bluewater has a very good variety of food places with price ranges for all.
How old is Lakeside Shopping Centre?
31c. 1990
Lakeside Shopping Centre/Age
Is Bluewater the largest shopping Centre?
Opened on 16 March 1999 in a former chalk quarry after ten years of building works, the site including car parks occupies 240 acres (97 ha) and has a sales floor area of 154,000 m2 (1,600,000 ft2) over three levels, making it the fifth-largest shopping centre in the UK (after Westfield London, MetroCentre, Trafford …
What happened INTU Lakeside?
Intu Lakeside, Watford, Victoria in Nottingham and Braehead in Glasgow have been transferred to new management under Global Mutual, with Savills appointed as property managers. The group of shopping centres which were part of Intu SGS will now be run by Global Mutual.
Who is Lakeside owned by?
LAKESIDE shopping centre has been taken over by a major global firm. The Thurrock complex has been taken over by Global Mutual along with three other into centres – intu Watford, Victoria in Nottingham, and Braehead in Scotland.
What was the value of Intu shares five years ago?
Five years ago shares were worth more than 370p. The group is struggling under a £4.7bn debt mountain and had previously confirmed that it would announce an emergency cash call, expected to be worth at least £1bn, alongside its annual results due later this month.
Who are the top tenants of Intu stores?
Intu’s debts have been growing at a time when its retail tenants have been facing financial difficulties, blamed largely on the shift to online spending. Many of Intu’s top tenants, including Debenhams, House of Fraser and Arcadia, have been closing stores or requesting rent reductions.
Who is the Hong Kong investor in Intu?
Intu Properties was dealt another blow on Tuesday after a Hong Kong-based investor pulled out of plans to take part in the shopping centre group’s emergency cash call – a day after it had confirmed talks.
Who is the owner of Lakeside Shopping Centre?
Intu owns Lakeside in Essex as well as the Trafford Centre in Manchester plus a dozen other shopping malls. Photograph: Justin Kase zninez/Alamy Stock Photo/Alamy Intu owns Lakeside in Essex as well as the Trafford Centre in Manchester plus a dozen other shopping malls.