Shopping centre giant confirms £679m construction plans

Retail giant intu has confirmed development plans worth £679m up to 2020

Intu Lakeside

Construction is due to start shortly on a £71m extension at intu Lakeside

Latest results for the six months to June 30 show £99m of capital expenditure by intu during the period.

That is set to ramp up over the next three years and grow again with a further £1.3bn of potential plans over the next ten years.

At intu Lakeside the Enquirer revealed that McLaren Construction is set to bag the main contract on an extension worth £71m.

Intu Trafford Centre has plans for a £74m upgrade with construction set to start early next year with smaller works at other sites set to total £96m.

The firm added: “Beyond 2020, we continue to work on securing the required planning approvals and tenant demand to start £1.3 billion of projects.

“We have the required planning approvals for extensions to intu Lakeside, intu Victoria Centre, intu Braehead and intu Milton Keynes and are at earlier stages of the approval process for the extension at Cribbs Causeway.”

David Fischel, intu Chief Executive said: “Our £679 million UK development programme is progressing on schedule with the £180 million intu Watford extension on target to open in Autumn 2018.

“We expect to start shortly on the £71 million intu Lakeside leisure extension which is over 90 per cent let to tenants including Nickelodeon, Hollywood Bowl and multiple restaurants.”

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Apple to move London HQ to Battersea Power Station

Apple has confirmed it will open a London campus at Battersea Power Station in 2021, which will serve 3,000 employees.

An Apple spokeswoman has confirmed that the company’s European headquarters will remain in Cork, Ireland.

The opening of the new London base means that eight of Apple’s London offices will close and their employees will be moved to the new site.

“Our entire team in one location”

In a statement Apple says that “1,400 Apple employees from existing offices around London will relocate to the magnificent new development at one of London’s best known landmarks.”

Although Apple was unable to confirm what the remit of the campus would be and what work would be carried out there, it says: “It’s a great opportunity to have our entire team working and collaborating in one location while supporting the renovation of a neighbourhood rich with history.”

Current Apple offices include Hanover Street, Mayfair and St James Street, Covent Garden.

Apple will be largest tenant

The Battersea Power Station Development Company says that Apple will be the largest office tenant at Battersea Power Station occupying around 464,000 mof the central boiler house area across six floors. This is 40% of the entire development.

The entire development is worth £9bn and will also include mixed-use residential and retail space as well as a 2000-seater auditorium and cinemas designed by Wilkinson Eyre. In 2020 it will be connected with the extended Northern Line of the London Underground.

An architectural consortium behind the redesign includes Wilkinson Eyre Architects, Foster + Partners, Gehry Partners and Bjarke Ingels Group.

Battersea Power Station was decommissioned in 1983 and has passed through the hands of several owners before Malaysian companies SP Setia and Sime Darby bought the site in 2012.

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Contractors have started mobilising after mega contracts for the three main tunnel drives on the Thames Tideway project were signed off today.