Trafford Council has struck a £50million investment deal and bought three shopping centres with developers to breathe new life into the borough’s town centres.
The authority has purchased Stretford Mall, Altrincham ‘s Stamford Quarter Shopping Centre and Clarendon House in the finalised, joint-venture property deal with Bruntwood Works .
The aim is for the acquisitions to support the already-thriving high street in Altrincham, voted best in England at last year’s Great British High Street awards, and boost the regeneration of Stretford ‘s town centre.
Cllr Andrew Western, Trafford Council ‘s leader, said: “This is fantastic news for Trafford. One of our aims is to create successful and thriving places in the borough, with a particular focus on our town centres and local communities, and this deal allows us to do this.
“Acquiring Stretford Mall will be a massive boost to the area and our residents, with the opportunity for comprehensive redevelopment to also include our Lacy Street site. I know residents have been calling out for more investment in the area and we are listening to them.”
The authority has assured that Stretford’s redevelopment will be designed with input from residents and local businesses to ensure its success.
Andrew Cooke, regional director at Bruntwood Works, added: “Altrincham town centre is one of Greater Manchester’s biggest success stories in recent years, soaring in footfall, economic growth and consumer appeal, so we’re thrilled to be part of its journey.
“We have a long history of creating places, developing inspirational workspaces alongside flourishing retail destinations, and we have always sought to create incredible environments and communities in which our customers can grow.”
The plan is for money generated from the investment will be pumped back into the council’s frontline services, such as children’s services and adult social care.
Cllr Western added: “We see the Stamford Quarter as key to the future of the town centre – by securing control over the site, the Council and our partners at Bruntwood Works will be in a position to manage it so that the success of the area continues.“
“The wider Bruntwood partnership is long-standing and valued, and this is another great opportunity to work with them to deliver a great deal for our residents and businesses.”