Meadowhall joint owner could raise £250m from stake sale

Chief executive Chris Grigg said: “Consumers are becoming increasingly sophisticated and demanding.

“They want more choice, greater convenience and better value along with a much better shopping experience.”

Meadowhall’s Oasis food court has undergone a £7m transformation, adding seven new restaurants including Giraffe, Carluccio’s and Chao Baby. “Improving the retail environment by increasing leisure and food on our schemes was a key aim during the year,“ said Mr Grigg.

Elsewhere, Land Securities is doubling the amount of space given to restaurants and leisure in its £350m Trinity Leeds scheme in a bid to overcome the rising threat of internet shopping.