MCR hopeful of Hyde shopping centre recovery

MCR Property Group has announced three lettings at Clarendon Square shopping centre in Hyde, Tameside as it attempts to turn the struggling centre around.

In recent months a spate of departures has seen units vacated by Stationary Box, Stead & Simpson, Select, Three Cooks, a Thornton's franchisee, and Card Warehouse.

Now MCR has started filling voids. Bookmaker, BetFred has taken a new unit at Market Place on a 15-year lease, whilst at The Square, units have been let to local solicitor Knowles & Co and Gamestation. In addition, a new newsagent will also be opening over the coming weeks at Market Place.

Charles Denby, of MCR, commented: "It's no secret that the shopping centre has been hit by a number of high-profile tenants going into receivership over recent months. Our main objective is clear: to create a vibrant centre for Hyde.

"With this in mind, we are working hard and taking significant measures to attract potential occupiers to the scheme. This has included creating a design and build unit for BetFred and a local newsagent, as well as undertaking a complete office refurbishment to meet Knowles and Co.'s requirements. We're actively looking to agree deals and are confident we can continue this momentum to bring in more tenants.

"We are also encouraging tenants to upgrade their units and are actively promoting Tameside Council's 'Town Centre Commercial Improvement Area' scheme which assists with shop front improvements."

Andrew McGuiness at Tushingham Moore, joint agents for the scheme with Colliers CRE added: "We are beginning to see the tide turn at Clarendon Square. Gamestation is a great coup for Hyde and has helped to increase the retail offering. We have received strong interest from several parties for the remaining units. As more units are let, this will help increase footfall for both the centre itself, as well as the outside market."

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