INTU, which owns Nottingham's Victoria and Broadmarsh centres, recorded a surge in profits during the first half of the year after buying new two new shopping centres.
The group recorded a profit of £602 million – a huge increase on the almost £200m reported during the same period last year, due largely to investment.
Intu bought shopping centres in Derby and in Birmingham – worth a combined £855m – from Westfield shopping centres.
They have been renamed intu Derby and intu Merry Hill.
The company's net rental income also rose during the period from £181m to £189m.
Chief executive David Fischel said: "Intu has recorded a strong first half performance with a 7.6 per cent like-for-like valuation uplift, increasing net asset value per share to 372p and taking the overall market value of our prime UK shopping centres to £8.8 billion.
"The initial indications from the major centres we acquired in the period, now rebranded as intu Merry Hill and intu Derby, are very positive. The letting market is showing encouraging signs of improvement and we are gaining further momentum with our £1.2 billion active management and development pipeline."
