Intu Watford signs Cineworld as anchor tenant for €125 million retail and leisure development (UK)

Intu has signed leading cinema operator Cineworld as the leisure anchor for its £100 million (approx. €125 million) retail and leisure development in Watford town centre. Cineworld will open a nearly 40,000 ft² (approx. 3,700 m²) cinema, which will have approximately 1,500 seats and nine screens – one of which will be an IMAX.
The £100 million project, which has received planning permission, includes plans to redevelop Charter Place and substantially refurbish the adjoining intu Watford centre.
As part of the development, larger modern retail units will be created to attract strong brands and further enhance the shopping experience at intu Watford
Construction of the development is due to start in 2015 year with the development due to open in 2017.
Rebecca Ryman, regional director at intu comments, “The signing of Cineworld to Watford as anchor for our development is hugely significant for the town. We will deliver a fantastic new dining, leisure and retail experience which will be the best in the region and the signing of Cineworld is a key part of that.” Jenny Lee Property Acquisition Manager of Cineworld, said: “For Cineworld, key locations are vital to our brand. The exciting plans for intu Watford and the intu Watford extension enable us to bring the Cineworld brand to yet another important location.”
Source: intu Group