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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Intu Properties    INTU   GB0006834344

INTU PROPERTIES

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Intu Properties : New gaming experience HYPD Arena to launch at intu Lakeside

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07/12/2019 | 06:00am EDT

intu has partnered with events company HYPD to launch a new gaming arena at intu Lakeside.

HYPD, which runs gaming attractions at major UK tourist destinations, has transformed a 900 sq ft store into the immersive experience as part of an exclusive 12-month partnership with intu.

HYPD Arena will offer a celebration of all things gaming, including an eSports tournament, retro arcades and the latest in virtual reality. It will take place at intu Lakeside from 20 July until 31 August.

The concept is then set to be rolled out at more of intu's popular shopping destinations over the next year, capitalising on the rapidly growing eSports industry which is expected to be worth $1 billion this year.

The gaming industry is experiencing explosive growth and popularity, making intu's hugely popular, high footfall destinations the ideal locations for this kind of attraction.

Roger Binks
Customer experience director

Roger Binks, customer experience director at intu, said: "The gaming industry is experiencing explosive growth and popularity, making intu's hugely popular, high footfall destinations the ideal locations for this kind of attraction.

"We've already invested millions to transform intu Lakeside into a major tourist destination for the south east and this is creating brilliant new opportunities for operators like HYPD who can offer even more compelling experiences for the increasing number of people visiting the centre."

Chris Haydon, chief operating officer, HYPD said: "We are extremely excited to bring HYPD Arena to intu Lakeside this summer. With such a dynamic range of gameplay options for customers to enjoy, we believe this will be a huge hit and we cannot wait to share this amazing experience with our players. I'd very much like to thank intu for their continued support of this initiative. Together we can deliver a truly unforgettable attraction."

HYPD Arena will open at intu Lakeside as a number of other attractions also launch there for the first time, within the centre's new £72 million leisure extension. Family entertainment centre Nickelodeon Adventure and indoor mini golf experience Puttshack are among operators to have signed up, alongside Hollywood Bowl, trampolining operator Flip Out and new food hall concept The Hall.

Disclaimer

Intu Properties plc published this content on 12 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2019 09:59:03 UTC

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Financials (GBP)
Sales 2019 530 M
EBIT 2019 380 M
Net income 2019 -660 M
Debt 2019 4 603 M
Yield 2019 2,05%
P/E ratio 2019 -1,35x
P/E ratio 2020 -2,56x
EV / Sales2019 10,7x
EV / Sales2020 10,7x
Capitalization 1 090 M
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Number of Analysts 20
Average target price 94,12  GBp
Last Close Price 81,08  GBp
Spread / Highest target 72,7%
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David Leo Fischel Chief Executive Officer & Executive Director
John Strachan Chairman
Gordon James McKinnon Operations Director
Edward Matthew Giles Roberts Chief Financial Officer
Gian Fulgoni Chief Information Systems Officer
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