The Trafford Centre and Intu’s other 16 shopping centres, including Lakeside in Essex and the Metrocentre in Gateshead, have stayed outside the insolvency process because they are directly owned by special purpose vehicles. All of the malls have stayed open and are under new management.
Is Trafford Centre shutting down?
As the country once again went into lockdown last week, many stores closed at the Trafford Centre. However, in the announcement today, bosses confirmed that ‘the centre will continue to run as normal under new management‘.
What is happening with the Trafford Centre today?
There are no upcoming events.
Who will buy the Trafford Centre?
The 350,000 sq ft retail and leisure complex, which is home to Legoland Discovery Centre, SEA LIFE, and Next Home, has now been acquired by regeneration business Peel L&L following a series of bids on the site.
Has Intu gone into administration?
Retail property giant, Intu, has confirmed that it has gone into administration as talks break down. However, for now the shopping centres will stay open, under its administrator, KPMG.
Who owns the Trafford Centre 2022?
The Trafford Centre is valued at £1.7 billion by its owners, Capital Shopping Centres, and has an annual income of £85.3 million, a £400 headline rent and has an ABC1 visitor percentage of 71%.
Which is bigger metro Centre 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.
What is the biggest shopping Centre in the UK?
Westfield London
List of shopping centres in the United Kingdom by size
| Rank | Shopping Centre | City/Town |
|---|---|---|
| 1 | Westfield London | Shepherd’s Bush, London |
| 2 | Metrocentre | Gateshead, Tyne and Wear |
| 3 | Trafford Centre | Trafford, Greater Manchester |
| 4 | Westfield Stratford City | Stratford, London |
Why was the Trafford Centre evacuated today?
Parts of the Trafford Palazzo were evacuated this afternoon following reports of smoke and a burning smell coming from an escalator.
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 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.
How much did Trafford Centre sell for?
£1.6bn
His fortune soared, and in 2011 his firm, Peel Group, sold the Trafford Centre to Capital Shopping Centres – which has since become Intu Properties – for £1.6bn. At that time Whittaker’s personal wealth was estimated to be more than £2bn.
Who does the majority of Manchester support?
Manchester United can safely claim to have the most fans out of the two main Manchester teams, having established a truly global brand thanks to the success achieved by Ferguson’s teams in the 1990s and 2000s.
Are Intu in trouble?
June 26: Intu fell into administration after crunch talks with its lenders were unsuccessful. Its shares on the London Stock Exchange were suspended but Intu said its 17 shopping centres, which are held in separate operating companies, will continue to trade for the time being despite its insolvency.
What’s happening with INTU properties?
Intu Properties is dead and gone, long disappeared. This is entirely different from Intu, the software firm. Just one of those things, same ticker different companies. The Best Undervalued Stocks to Watch in 2022.
Intu’s equity will almost certainly not return to the public markets and there is no real hope of shareholder return. The debt of £4.5 billion will almost certainly not be realised in full. Administrators will start to sell off assets piece meal at fire-sale prices.
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 much does Trafford Centre make a year?
Pre-tax profits increased from £363.4m to £593.7m in the 12-month period, with total profit for the year hitting £600m, a rise of £236m on the prior year.
What is the biggest mall in Manchester?
Manchester Arndale
Manchester Arndale
The UK’s largest city-centre shopping centre with over 240 retailers.
Which is bigger Trafford Centre or Arndale?
Over the years the Arndale has expanded and extended and has become larger than the Trafford centre. Some of the shops are massive (Next, Topshop) it has a link bridge to Selfridges and some escalators that bring you right onto the high street (Market Street) if you want to extend your trip further.
Which is bigger London or Manchester?
London – 10,257,7000. Birmingham – 2,560,500. Manchester – 2,517,500. Glasgow – 1,019,900.