Intu Lakeside, a renowned shopping centre ranked among the top 10 in the UK, has recently undergone a change in management as part of Intu Group’s restructuring efforts. The transition to new leadership, with Global Mutual as the asset manager and Savills as the property manager, signifies a new era for the massive Lakeside mall located in Thurrock, Essex.
This shift marks the final transition of the four Intu malls under Intu SGS to new management. Known for its grandeur and significance in the retail industry, Lakeside attracts over 20 million visitors annually, showcasing its popularity and influence. Boasting 250 stores that feature top brands in the market, the mall has even been in the spotlight as the venue for the debut of H Beauty, a new brand from renowned retailer Harrods.
Despite the challenges posed by the Covid-19 pandemic, Lakeside recently completed a £72 million leisure extension anchored by Nickelodeon, demonstrating its dedication to enhancing the shopping experience for its visitors. With plans to further expand and bring in new tenants, the future looks bright for this iconic retail destination.
Global Mutual, with a portfolio valued at £5 billion, brings a wealth of experience to its role as the asset manager for Lakeside. Meanwhile, Savills, known for managing high-profile retail locations across the UK, steps in as the property manager. However, this transition comes at a difficult time as England undergoes a new lockdown, resulting in the closure of numerous stores within the mall.
In the face of uncertainty, Lakeside stands as a symbol of resilience and innovation within the retail sector. With a new management team at the helm and a commitment to meeting evolving consumer needs, Intu Lakeside is poised to uphold its reputation as a premier shopping destination in the UK.
For more information on the latest developments at Intu Lakeside, visit their official website here. Stay updated on news and updates regarding Lakeside’s management changes by following their official social media channels here.
