Intu Derby named number one East Midlands shopping centre
Intu Derby is the East Midlands’ number one shopping centre, according to a influential report released this week.
The ‘Going Shopping 2017 – The Definitive Guide to Shopping Centres’ launched at the Intu Victoria Centre in Nottingham sees Derby rank the highest out of all East Midlands centres, and is 16th in the UK – a fall of place on last year.
Intu Derby is closely followed by Highcross Leicester, which maintains 18th position in the UK. intu Victoria Centre also maintained position and Willow Place & Corby Town Shopping move up two more places, while the Grosvenor Centre fell four places this year. Only intu Victoria Centre and Willow Place returned higher scores than in 2016.
The leading Investment Manager in the East Midlands is still intu Properties. Hammerson and Kennedy Wilson also retain their positions in second and third, as does Columbia Threadneedle and Sovereign Centros in fourth and fifth place.
The leading letting agent in the East Midlands is still FHP. Savills maintains second position and JLL maintains third. BWD appears in fourth place and Jamieson Mills maintains fifth position. In the East Midlands, the leading managing agent is again Savills with JLL, Workman and MJ Mapp retaining their positions, while Broadgate Estates appear in fifth position.
3 Store, Boots, Card Factory, Claire’s, EE, Greggs, Holland & Barrett, New Look, The Carphone Warehouse and WH Smith are found in 50% or more of the top 500 schemes in the East Midlands.
Trevor Wood of Trevor Wood Associates, which compiles the report, said: “Once again, there were minimal changes to the top twenty shopping centres nationally, with Westfield Stratford City, Bluewater and Westfield London retaining the top three positions. However, there have been some notable changes overall this year with over 50% of schemes in the top 500 recording lower scores, four new names in the top 200 and six new names in the top 300. Most schemes which have seen BHS stores close, have slipped position, whilst the market adjusts, however we expect this to be a blip rather than a long lasting trend.
“Some of the highest increases were recorded by redeveloped, refurbished or extended schemes and forty-three of the top 500 schemes have been refurbished or extended in the last 24 months. There are eight more schemes in the pipeline by 2023 than last year and, when you consider seven schemes in last year’s pipeline have been built out, hopefully this is a reflection of improving market conditions.”
The tables are compiled by looking at shopping centres currently trading and ranking them by overall attractiveness to shoppers, retailers and investors. This was achieved by confirming detailed information for each scheme thought to be larger than 50,000 sq ft in the United Kingdom. The information is then converted into points for selected features shown to be important to those groups, including tenants, lettable area, type of scheme, weekly footfall and facilities available.
