Longfield Shopping Centre

Council eyes Prestwich for new development

Bury Council has started talks to buy Longfield Shopping Centre from Hollins Murray Group to progress the delivery of a mixed-use scheme in the town centre in partnership with Muse Developments. HMG is courting reduced offers for the retail complex, presenting Bury with the opportunity to take control of the centre and its long-awaited redevelopment into “a distinct, usable civic external space, which symbolises the centre of the neighbourhood”.A report to Bury Council’s cabinet states that it has received notification that HMG would be “willing to consider a reduced price”…

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Barton Square, Trafford Centre by Ardfern on Wikimedia Commons

Manchester’s Barton Square hits the market

Savills has been instructed to sell the redeveloped Barton Square retail and leisure scheme in Trafford Park, Greater Manchester. The scheme was owned by a subsidiary of intu until it collapsed into administration last year. Following the demise of the group it passed into the hands of Barton Square Limited, which has taken on the management of the centre. The directors of Barton Square Limited claim they have already been approached by a number of bidders interested in buying the redeveloped scheme. Barton Square underwent a £75m transformation last year,…

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Carnaby Street by Dun.can from Melton Mowbray via Wikimedia Commons

More trouble for landlords as retailers look to scale down portfolios

High street landlords are bracing themselves for another turbulent year as retailers set out plans to slash the size of their real estate portfolios This week, fashion retailer White Stuff became the latest to launch a review of its estate, which currently totals 115 stores.The business’s chief executive Jo Jenkins said it had appointed advisers from PHD Property to “fully review our property estate and to assist in the realignment of our rental commitments”. Property Week understands that the company has “no intention” of going down the CVA route and…

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