Intu set to redevelop Nottingham's Broadmarsh shopping centre
Shopping centre operator Intu is due to sign a deal with Nottingham City Council today which will pave the way for a Â£150 million redevelopment of the Intu Broadmarsh shopping centre in the city.
The agreement, which is subject to commercial and legal conditions, means that construction work to extend and refurbish Intu Broadmarsh could start before the end of 2015.
Intu said the signing of agreement was an important step in the major improvements that are planned for Nottingham’s two main shopping centres over the next few years. These include a £40 million refurbishment at Intu Victoria Centre, which is already underway, and a subsequent wider development and extension of the shopping centre.
Mike Butterworth, Intu chief operating officer, said: “Intu now has in place investment plans that will extend and upgrade the city's two favourite shopping destinations, introduce new brands, restaurants and leisure spaces and create new and improved gateways to the city in the north and south. Work is already underway on the first of these projects with the £40 million remodelling and refurbishment of Intu Victoria Centre and I am really pleased that we can start to take the Intu Broadmarsh plan forward as well.”
In parallel, Nottingham City Council proposals for major improvements around the centre, including the pedestrianisation of Collin Street and improvements to Carrington Street will follow later this year.
Leader of Nottingham City Council, Councillor Jon Collins said: “The redevelopment of Intu Broadmarsh and surrounding areas will significantly enhance the southern side of the city, linking with the station and tram developments and wider plans for the Southern Gateway. In due course, we are looking to carry out improvements to Milton Street, Parliament Street and Clumber Street around Intu Victoria Centre, which will boost the northern side of the city and help complete the transformation of the city centre’s retail core.”
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