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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Trafford Centre aerial

Trafford centre asset manager confirmed

Pradera Lateral, a joint venture formed at the end of last year between shopping centre management specialist Pradera and retail developer Lateral Property, has been chosen to manage the Greater Manchester mall. Pradera Lateral was appointed by Trafford Centre owner, Canadian pension fund CPP Investments, following a competitive tender process and starts its role with immediate effect. CPP acquired the 2.2m sq ft shopping centre in December through its wholly owned subsidiary CPPIB Credit Investments, by exercising share rights as the main secured creditor of the asset’s former owner, Intu…

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Lewiss Liverpool Lighting CGI

Retail slashed for residential at Liverpool’s Circus

Developer Augur Group has hired architect 3DReid to draw up plans for 200 homes as part of the wider mixed-use scheme, reducing the amount of retail space previously proposed. However, a planning application for the Circus, to be located on land behind the Lewis’s Building off Bold Street and next to Liverpool Central Station, is not expected until next year, Augur’s chief executive Simon Mann told Place North West. Mann added that the 275,000 sq ft of retail space proposed when the Circus was first unveiled in 2018 would be significantly…

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