// Trafford Council & Bruntwood Works unveil £50m deal to boost the borough’s retail precincts
// Joint venture includes the acquisition of Stretford Mall and Altrincham’s Stamford Quarter Shopping Centre & Clarendon House
Trafford Council and Bruntwood Works have finalised a £50 million property deal to boost the regeneration of two retail precincts in the Greater Manchester borough.
Contracts have been exchanged on the joint venture, which will see the acquisition of Stretford Mall as well as Altrincham’s Stamford Quarter Shopping Centre and Clarendon House.
The joint venture with Trafford Council will more than double Bruntwood Works’ retail and leisure portfolio.
The Stretford Mall purchase will act as a catalyst for further investment and regeneration of the town – which will be made in conjunction with residents – while Stamford Quarter’s acquisition will allow Altrincham high street to continue to thrive.
This announcement also strengthens Trafford Council’s long-standing relationship with Bruntwood Group, with millions of pounds being invested in the borough’s town centres to date.
“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,” Cr Andrew Western said.
“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.”
Trafford Council is already looking to revive Stretford with its Civic Quarter Masterplan, which will boost the area from Lancashire Cricket Club to Manchester United’s Old Trafford ground.
Altrincham has been transformed in recent years, being named as the best in England in the Great British High Street Awards in 2018.
Bruntwood Works is now set to play an integral part its next phase, adding Stamford Quarter and Clarendon House to its portfolio.
“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,” Bruntwood Works regional director Andrew Cooke said.
“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.”
Western said: “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.“