Bruntwood CEO Chris Oglesby, Cllr Andrew Western And Bruntwood Regional Director Andrew Cooke (2)
From left: Bruntwood chief executive Chris Oglesby, Trafford leader Cllr Andrew Western, Bruntwood regional director Andrew Cooke

Bruntwood and Trafford set seal on three-part £50m deal

Trafford Council and Bruntwood Works have exchanged contracts on a joint venture to take forward Stretford Mall along with the Stamford Quarter shopping centre and Clarendon House in Altrincham.

The three-part project will more than double Bruntwood Works’ retail and leisure portfolio. The acquisition of Stretford Mall from M&M Asset Management was reported at the start of September by Place North West, as M&M continued a radical overhaul of the site, demolishing around 61,000 sq ft of vacant retail space.

M&M, along with Apollo Global Management, sold the 367,000 sq ft Stamford Quarter to Trafford in August. Clarendon House, a vacant 33,800 sq ft office building, was put up for sale in December 2018.

Cllr Andrew Western, leader of Trafford Council, 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.

“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 partners said that the JV is similar to that already in place for the redevelopment of the former Kellogg’s site in Old Trafford into University Academy 92.

Andrew Cooke, regional director at Bruntwood Works, said: “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.” Bruntwood Works is the brand for the property company’s mainstream office and retail portfolio, set apart from the Bruntwood SciTech JV with Legal & General.

CBRE acted for Bruntwood Works and Trafford Council, while Savills acted on behalf of the vendor. Addleshaw Goddard provided Bruntwood and Trafford’s legal advice, with Hamlins representing the vendor.

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Why ? can not the office space be turned into student accommodation.

By Peter Ward

there are few nice new things that have appeared at Stretford mall of late that I hope are retained, the Longford Tap pub and Head Bar, as well as the surprisingly popular new food court. That said, it will take a lot of move away from the drab 1960s outdated mall vibe

By lovemcr

‘Massive boost to the area’???

You know what would be a massive boost to the area…? Cutting down Chester Road lanes.You can taste the fumes walking down there. Stretford will never be desirable or even a nice place to live with the amount of traffic that surrounds it.

Stretford is the equivalent of the farm in between the M62.
It’s dirty and I have no doubt that the life expectancy is way lower than most places due to Trafford Park on one side, Chester Road and the M60 on the other.

When Trafford Council were offering plans for changes they suggested the option of cutting the lanes down but did they? No. In fact they made even more. To make matters worse they have now removed a cycle lane for some obscure reason on Kingsway. It’s not even a nice road – I don’t feel safe down there in the evening at all.

They had the chance to be radical with both Chester Road and Kingsway but didn’t.

Trafford Council – you are a total disgrace and embarrassing in the extreme.

By SBT