Intu is planning to invest up to £578m in improvements to its retail centres over the next three years.
The plans include the expansion of Intu Watford and a 225,000 sq ft leisure extension at Lakeside in Essex, and and to start its Spanish shopping resort development, intu Costa del Sol.
Intu owns nine of the UK’s top 20 retail outlets, including Manchester’s Trafford Centre and Lakeside shopping centre in Essex.
At the end of February, the group announced a strong set of results for 2015 with a 7% increase in underlying earnings per share, and a 4% revaluation surplus taking investment properties to £9.6bn.
Intu is currently developing three restaurant projects costing £30m at Eldon Square in Newcastle, Metrocentre in Gateshead and in Bromley, all of which are due to complete this year.