24 May 2021, 11:52
Landowner Peel L&P has completed the purchase of the 350,000 sq ft retail and leisure complex, built as an extension of the Trafford Centre before its £1.6bn sale in 2011.
Barton Square was put on the market through Savills last year, with bids in excess of £50m invited. Peel, the original developer of both Barton Square and the larger retail centre, was reported to be under offer for the mall in March. The value of the deal remains undisclosed.
Mark Whittaker, Peel L&P’s director of property investment and management, said: “Peel L&P’s acquisition of Barton Square brings a truly unique and exciting retail and leisure destination to our portfolio.
Trafford Centre s Barton Square takes new ownership in exciting transformational phase for Trafford We’re on the cusp of a transformational new phase for the UK’s foremost experiential and retail destination
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TraffordCity’s Barton Square has been purchased by the original developer of The Trafford Centre.
Sarah Townsend
The landowner has moved to purchase the 340,000 sq ft retail and leisure complex built as an extension to the Trafford Centre mall it sold in 2011.
Barton Square was put on the market with Savills last year with bids sought in excess of £50m. The value of the deal with the Peel Group has not been disclosed and Peel declined to comment on “market speculation”. The company is believed to be under offer on the property and a sale has yet to complete.
The Barton Square complex was redesigned in 2018 as a 110,000 sq ft extension to the Trafford Centre, during a £75m mall revamp that completed early last year. The extension provided additional retail and leisure space and the arrival of anchor tenant Primark.
Dan Whelan
The company in charge of the 340,000 sq ft leisure and retail complex at the Trafford Centre is in talks with several parties interested in buying the asset after it was put on the market last year.
The directors of Barton Square Limited, part of the wider Trafford Centre group of companies that took over the running of the mall when its previous owner Intu Properties collapsed last year, confirmed they had been approached by numerous bidders looking to acquire the complex.
Savills was appointed as the agent for Barton Square in November and it is understood that bids in excess of £50m are being sought.
January 06, 2021 at 5:51 pmBy PDM
I believe it would be better suited to restaurants. Plans are submitted for a state-of-the-art leisure spa adjacent to what is currently Event City.
This venture Hasbro and Rockafella should have looked at the former Jjb / soccer dome as a potential site. The floor space is perfect and could easily create a mezzanine level. Until the Trafford Waters project starts on the adjacent northern plot. There are others such as jump ninja that have taken factory warehouse for there start-ups. It’s only a short metrolink journey so would still aid shopping mixed with kids leisure activities.