Shopping centre group intu has announced a period of strong trading, boosted by signing 44 long-term leases valued at £7m.
The leases, signed between 1 January and 6 May, are at 10% above previous passing rent.
Occupancy marginally reduced by 1% from 95% to 94%, which the group said was due to seasonal fluctuations over Christmas.
The group’s current development pipeline includes a £42m restaurant and mall refreshment project at the intu Victoria Centre in Nottingham and a £19m cinema and restaurant extension at intu Potteries in Stoke-on-Trent, Staffordshire.
Chief executive David Fischel said: “We are moving forward strongly on a number of fronts and particularly with our active development projects both in the UK and Spain.”
