a £250m.
In 2017, CPPIB Credit provided a £250m facility to CPPIB Trafford Centre Group (UK) Ltd (ITCG), a subsidiary of intu properties plc and the indirect owner of the site. This was secured by the equity interest in the Trafford Centre.
How much did CPP buy the Trafford Centre for?
The value of the deal was not disclosed due to its nature as a share right exercise but is thought to be around £800m – significantly below the Trafford Centre’s last valuation of £1.2bn before its owner Intu Properties collapsed into administration in June.
Who funded the Trafford Centre?
Canada Pension Plan Investment Board
As of 2017, the centre has a market value of £2.312 billion.
Trafford Centre.
| The main Trafford Centre mall is pictured centre and the Barton Square extension is towards the top left. | |
|---|---|
| Previous names | Intu Trafford Centre |
| Developer | The Peel Group |
| Management | Savills |
| Owner | Canada Pension Plan Investment Board |
Who benefits from Trafford Centre?
Trafford Centre attracts a higher proportion of the 18-24, 35-44 and 55-64 age categories due to the attractive mix of retail and leisure.
Do Trafford Centre staff get discount?
If you work for any of the stores, restaurants and leisure venues, or are an employee of The Trafford Centre, you can benefit from some great staff discounts across the Centre. Discounts change all the time so to see what’s available now click here.
How much did CPP pay in 2022?
Starting January 2022, your pension will increase by 2.4%. The annual cost of living adjustment (COLA) is applied to all pensioners, survivor pensions and to the deferred pensions of former and divested members.
Where does CPP money go?
Your CPP contributions will go toward post-retirement benefits, which will increase your CPP retirement income. At age 70, your contributions to CPP cease, even if you’re still working (regardless of whether you’re employed by a company or self-employed).
Which is bigger Metrocentre or Trafford Centre?
Coming out on top is Intu Metrocentre in Gateshead, Tyne and Wear, with a whopping 190,000 square metres. This is closely followed by Trafford Centre in Manchester with 180,900 square metres, and Westfield Stratford City in London with 175,000 square metres.
Is Trafford Centre the biggest in UK?
Intu Trafford Centre in Manchester is currently the group’s most successful shopping center in terms of market value. Intu’s lead in the UK shopping center sector is closely followed by Westfield, whose Stratford City ranks in third place.
| Characteristic | Size in square meters |
|---|---|
| – | – |
Is the Trafford Centre based on the Titanic?
The Great Hall staircase is made of Chicken Red Marble from the Luoyong district of China and was modelled on the staircase of the Titanic. 4. Extensive use has been made of natural stone for the floors of the malls and for the frontages and interiors of the shops.
How many people claim benefits in Manchester?
The unadjusted claimant count was 1.58 million in September 2022, which was 34,700 more than the month before and 348,800 more than in March 2020. Following the start of the pandemic, the claimant count more than doubled while the rise in unemployment was much smaller.
Is Trafford Park the biggest industrial estate?
Occupying an area of 4.7 square miles (12 km2), it was the first planned industrial estate in the world, and remains the largest in Europe well over a century later.
Is it worth going to Trafford Centre?
You will be totally amazed on visiting the Trafford Centre. It is an outstanding building both with interior and exterior design and architecture being unbelievable. Hail, rain or snow you can visit here and park free of charge all day.
Can you vape in The Trafford Centre?
There is a strict no smoking policy and alcohol is only to be consumed in a licensed premise. Electronic cigarettes are also not permitted.
How much marble is in The Trafford Centre?
Of course, it wouldn’t be the Trafford Centre without some (read: a lot) of marble. Imported from across the globe, the Trafford Centre houses 45,000 square metres of marble and granite flooring that in 1996 was worth around £5.8 million.
What is Greggs staff discount?
Our Greggs Employee Staff Discount Scheme is very generous, offering you up to 50% off our bakery produced goods and 25% off bought-in products and products outside of our standard range.
Will CPP recipients get a raise in 2022?
CPP is Indexed to Inflation
CPP payments were increased by 2.7 percent in January 2022, based on the average CPI from November 2020 to October 2021, divided by the average CPI from November 2019 to October 2020.
How much will CPP pay in 2025?
Examples – CPP Contributions – Enhancement Phase 1 and Phase 2
| Year | First contribution amount | = Total annual contribution |
|---|---|---|
| 2023 | $3,701 | $3,701 |
| 2024 | $3,820 | $4,008 |
| 2025 | $3,939 | $4,327 |
Will CPP be going up in 2022?
The employee and employer contribution rates for 2023 will be 5.95%—up from 5.70% in 2022, and the self-employed contribution rate will be 11.90%—up from 11.40% in 2022. The increase in contribution rate is due to the continued implementation of the CPP enhancement.
Will CPP run out of money?
Myth – CPP is bankrupt, or will be soon. Reality – Two decades ago, the CPP was unsustainable. But federal and provincial governments made changes, including creating CPP Investments, to fix that Today, the CPP is sustainable and secure for future generations.
Is CPP paid for life?
Working while receiving the CPP Retirement Pension
You’ll receive it for the rest of your life. You can choose to stop your post-retirement contributions when you reach age 65. Your contributions will stop when you reach age 70, even if you’re still working.