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.
“Barton Square is a best in class, iconic asset forming a key part of TraffordCity’s high profile and successful portfolio of attractions including Beyond – home of Chill Factore, iFly, Trafford Golf Centre, Dino Falls Adventure Golf and David Lloyd Leisure.
“With plans submitted for a new outdoor surf park – Wave Garden, alongside Therme Resorts bringing a world class health and wellbeing resort to TraffordCity, we’re on the cusp of a transformational new phase for the UK’s foremost experiential and retail destination.”
As well as Primark, which operates a 65,000 sq ft store, other occupiers at Barton Square include Legoland Discovery Centre, Sea-Life, and retailers Homesense and Next Home. Barton Square underwent a £75m refurbishment in 2018.
Ownership of the property was last year transferred to Barton Square Limited, part of the wider Trafford Centre group of companies that took over the running of the mall after its previous owner Intu Properties collapsed into administration.