FabSwingers.com forum: Trafford Centre into administration

By (user no longer on site) OP
over a year ago

Can't believe it... Loved the food court.. Hope its saved

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By *orkspoonMan
over a year ago

nearby

It will carry on whilst they look for a new owner

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By (user no longer on site)
over a year ago

Unfortunately I don't think it will the only business after all of this!

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By *naswingdressWoman
over a year ago

Manchester (she/her)

I gather they were struggling beforehand, too.

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By *arlomaleMan
over a year ago

darlington

Intu the owners own a few complexes around the country are they in trouble?

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By (user no longer on site)
over a year ago

I remember when that was being built!

Its not the only place struggling atm

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By *.D.I.D.A.SMan
over a year ago

London/Essex... ish... Romford to be exact

"I remember when that was being built!

Its not the only place struggling atm "
Yes Lakeside in Essex has been reported to be going through the same issue.

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By *agneto.Man
over a year ago

Bham

"I remember when that was being built!

Its not the only place struggling atm Yes Lakeside in Essex has been reported to be going through the same issue. "

It's the same company.

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By (user no longer on site)
over a year ago

"Intu the owners own a few complexes around the country are they in trouble?"

It is Intu that are in trouble

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By (user no longer on site)
over a year ago

Wasn’t there a company that owned the Trafford centre before intu? It will be bought by someone else because it’s always busy when I go

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By *ex HolesMan
over a year ago

Up North

They were looking for a bailout before COVID. It’s a shame but you could see shops closing before Christmas

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By (user no longer on site)
over a year ago

"Wasn’t there a company that owned the Trafford centre before intu? It will be bought by someone else because it’s always busy when I go "

It used to be owned by peel holdings

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By *agneto.Man
over a year ago

Bham

"They were looking for a bailout before COVID. It’s a shame but you could see shops closing before Christmas

Jeff Bezos lighting up a big fat cigar.

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By *toobguyMan
over a year ago

Manchester

Peel holdings may well buy it back off the administrators.

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By *ex HolesMan
over a year ago

Up North

"They were looking for a bailout before COVID. It’s a shame but you could see shops closing before Christmas

Jeff Bezos lighting up a big fat cigar. "

Never a truer comment made in jest

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By (user no longer on site)
over a year ago

It will need to adapt, and that requires cash. There won't be much of that around for a while.

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By *imon_hydeMan
over a year ago

Stockport

If it closes it will be good for the local town centres...

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By *edHeadedFunWoman
over a year ago

Didsbury

Rents and rates are extortionate especially for the low footfall it now has compared to when it first opened. People's shopping habits have changed and most tend to shop local now.

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By *abioMan
over a year ago

Newcastle and Gateshead

"Intu the owners own a few complexes around the country are they in trouble?"

there is talk they they could go into administration..... basically a lot of the shop owners haven't paid rents due to Covid.... and there was suppose to be some sort of restructure with the banks but thats gone belly up...

the places they own in the north east are Eldon Square in Newcastle... and the Metrocentre in Gateshead

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By *iddle ManMan
over a year ago

Walsall

The whole intu business in to administration. With a lot of stores not planning opening back up the future for shopping centres is looking as bleak as most other business, apart from perspex screen fitters and ppe manufacturers haha

We all know online shopping is killing the bricks and mortar store. There is still a place for these centres and stores, but something has to be done about rents and rates. I don't get the rent side as is it better to have an empty store or a low paying rent store occupied. I know there is a threshold to it being economically viable but the rent should be to the value of a place, and right now the value of a store is very low as there is zero competion for stores and shops. It's a debate for another time though.

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