Barton Square, Trafford Centre - Seth Whales via Wikimedia Commons

Peel takes control at Barton Square

Landowner Peel L&P has completed the purchase of the 350,000 sq ft retail and leisure complex, built as an extension of the Trafford Centre before its £1.6bn sale in 2011. Barton Square was put on the market through Savills last year, with bids in excess of £50m invited. Peel, the original developer of both Barton Square and the larger retail centre, was reported to be under offer for the mall in March. The value of the deal remains undisclosed. Mark Whittaker, Peel L&P’s director of property investment and management, said:…

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Kings Chase Shopping Centre, Kingswood

South Gloucestershire Council buys Kings Chase shopping centre for £10m

Deal for Kingswood’s retail complex could see redevelopment with new homes as part of £25m town centre transformation. Kings Chase shopping centre in Kingswood could be turned into homes and leisure as well as retail after South Gloucestershire Council announced it had bought it for £10million. It solves the mystery “significant” property deal, at the heart of a £25million transformation of the town centre, which the authority has kept under wraps since February because of commercial sensitivity while negotiations concluded. The purchase of the complex and car park is a major…

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Norali Nayla on Unsplash

Retail businesses started in 2020 to create 5,500 jobs

The retail sector is reportedly ‘leading the way’ for job creation with start-ups in the sector projected to spearhead the recovery as non-essential retail opens. Retail businesses started in 2020 are set to create thousands of jobs in the coming years, as one-in-four retail business owners plan to hire one or more employees, according to new research by The Accountancy Partnership. It found that a quarter of commerce entrepreneurs who started a business during the pandemic said they will be hiring one or more employees as their business grows in the…

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