Watford mayor Peter Taylor says he is confident of the long-term future of the town’s intu centre despite the owners announcing they were going into administration yesterday (Friday).
In a statement, he backed administrators KPMG to find a buyer because of Watford’s strong local economy and regional pull across Hertfordshire and beyond.
Mayor Taylor said: “Whilst the news is clearly disappointing, the intu centre in Watford is known as an outstanding shopping and leisure destination that helps attract thousands of people to the town each year.
The recent improvements, including the stunning new extension with a cinema and bowling alley, means the centre has a strong mix of tenants and lots to offer visitors.
“It was positive news to see that the centre will remain open, as we know that people are returning to the High Street. With more businesses, including restaurants and bars, opening next week, we are expecting Watford to continue to be popular and busy as we emerge from lockdown.
“The council owns the freehold of intu Watford, including the new extension. This puts us in a really good position as any changes to the long leaseholder requires our consent. This means we can help shape future arrangements and ensure what happens next protects local jobs and is best for Watford and our town centre.”