Northumberland’s Manor Walks shopping centre could grow under £78m acquisition deal

17

One of the largest retail precincts in northern England is set to become bigger after it was purchased for £78 million.

Crammlington’s Manor Walks Shopping Centre, which attracts around 10 million visitors a year, has changed hands with Northumberland development company Arch purchasing the 442,802sq ft shopping centre from London-based firm Hammerson.

Ach’s new purchase also includes Sainsbury’s and Asda, a nine-screen cinema complex, three office blocks, three car parks, plus the former Northumberland City Council library building.

Keep up to date with Retail Gazette by liking us on Facebook

Arch chairman Dave Ledger said there was “potential” to expand the shopping centre under their ownership.

“Cramlington is the largest growing town in Northumberland and Manor Walks Shopping Centre is a vital local amenity for our communities,” 

“It is the largest shopping centre in the county and plays a key role in the economy of the county.

“There is the potential to expand the shopping centre and to improve the surrounding infrastructure, including roads, access and parking at the centre and enabling further benefits to the local economy.”

Keep up to date with Retail Gazette by liking us on Facebook

LEAVE A REPLY

Please enter your comment!
Please enter your name here