What has happened with the Trafford Centre?

The Trafford Centre in Manchester, one of the UK’s biggest shopping malls, has been taken over by its lenders, a Canadian pension fund, after its directors failed to sell it. All of the malls have stayed open and are under new management. …

Is the Trafford Center going bust?

Today, it was confirmed the relationship has officially ended when the Trafford Centre tweeted the following statement: “As from today, intu Trafford Centre will no longer be part of the intu family, however the centre will continue to run as normal under new management.

Is Altrincham good for shopping?

A great addition to the high street revival, Altrincham’s main appeal has always been its specialist shops, family-owned businesses and artisan allure. Affluent and stylish, shoppers can find everything from vintage clobber to designer clothing, and high-end bespoke kitchens to ethically sourced home accessories.

Why some modern retailing is attracted to out of town locations?

Out-of-town shopping benefits for customers and retailers Shoppers are often able to park for free and do not have to travel into busy congested city centre locations. Retailers benefit from these locations because they have larger contemporary shop units which allow a greater range of goods to be on show for sale.

Who will buy the Trafford Centre?

CPP has acquired the 2.2m sq ft shopping centre in Trafford, Greater Manchester, through its wholly owned subsidiary CPPIB Credit Investments.

Has the Trafford Centre closed for good?

“As from today, intu Trafford Centre will no longer be part of the intu family, however the centre will continue to run as normal under new management. “Stay tuned here for all the latest news and exciting changes that will take place at The Trafford Centre.”

What’s the biggest shopping centre in UK?

Intu
As of 2018, the British real estate investment trust Intu boasts the largest shopping centers in the United Kingdom, and the group’s Metrocentre in Gateshead in the North East of England has the largest retail area, as displayed in this statistic.

What shops are at Altrincham?

Tenants include: Homebase, Currys PC World, Argos, Sports Direct, Hobbycraft, Pets at Home, The Range, Boots, B&M Bargains, McDonald’s, Carpetright, TK Maxx and Pizza Hut.

Why are out of town retail parks attractive?

Out of town centres can be more attractive to customer, given the prior mentioned lower traffic, often lesser parking charges and various other attractions they offer, such as the Trafford centre’s laser quest, cinema, miniature gold, dodgems, bowling, Legoland and arcade.

What are the disadvantages of shopping malls?

One of the main disadvantages of the malls is drawbacks….These include overcrowding, especially on weekends and holidays….

Broken links.
Products being sold out by the time you make payment.
Dubious product description.
Unavailability to share your cart.
Poor customer service.

Did people buy Trafford Centre?

A Canadian property investor has become the new owner of the Trafford Centre. In 2017, CPPIB provided a £250million loan to previous owner Intu, secured against its prime asset. …

What is the largest shopping Centre in the UK?

How does Trafford Centre affect out of town retailing?

Shops are unable to compete with the free parking offered by the Trafford centre, which has a much greater sphere of influence, where 95% of people come from a 50 mile radius. This has caused many of the shops to close, having the positive feedback effect of causing other shops to lose business a window shoppers’ decrease.

When did the Trafford Centre open in Altrincham?

Martin, who chairs the Altrincham Business Improvement District, says the town lost customers when the Trafford Centre opened back in 1998. But changes at the Market Hall, improvement works to the town and a now well-connected business community has all combined to increase footfall.

Why are there no shops in Altrincham High Street?

The shops of Altrincham’s high street are unable to draw their usual local consumer base, having served 212,000 residents and the local wealthy areas of Hale and Bowden. Shops are unable to compete with the free parking offered by the Trafford centre, which has a much greater sphere of influence, where 95% of people come from a 50 mile radius.

How did Altrincham become a new town centre?

Trafford Council has introduced a new Town Centres Business Growth Programme, allowing traders to borrow up to £20,000 to set up in Altrincham, Sale, Stretford of Urmston town centres, or access some extra cash for training or marketing.

Where is the Trafford shopping centre in Manchester?

The Trafford Centre’s ideally located along the M60; it is easily accessible from junctions 9 or 10. There’s also bus links from Manchester and Stockport town centres and plans are in place to extend the metro link in to the area.

Who is the CEO of the Trafford Centre?

Chief executive Matthew Roberts was appointed last year with the task of repairing Intu’s balance sheet. It is understood the company is focusing on investing in its high-value assets, such as the Trafford Centre, and is more likely to sell smaller shopping centres.