New owner and new management for intu Derby

Savills and Ken Ford, former Executive Director of Capital & Regional, have been appointed to take on the management of intu Derby.

Supported by the existing centre team, the new management will deliver an ‘innovative and agile’ asset management strategy for the city centre destination. 

The retail destination is under new ownership after intu fell into administration earlier this year. Cale Street Investments, which purchased half of the centre last year has bought the remainder from administrators, making it the first of intu’s 17 shopping centres to change hands since the collapse.

Mr Ford brings over 40 years of experience in the sector, having led multiple town and city centre repositioning projects. Savills will manage the day-to-day running of the centre on an operational level with the highest levels of customer service that consumers have come to expect.

Ken Ford commented: “The fundamentals of Derby remain strong and I am looking forward to working with the team to develop a repositioning strategy that will ensure the centre can continue its positive trajectory. The centre enjoys high levels of interest from national brands, thanks to its strong catchment and footfall, and our plans will only help further this potential.”

Richard Hulme, Head of Regional Shopping Centre Management at Savills, added: “We are incredibly excited to be working on such a prestigious regional scheme. This is a significant instruction and we are very much looking forward to working with Cale Street Investments, Ken and the centre management team to continually develop the centre, which plays such an important part in both the local and national retail market.”

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