Trafford Centre reports full-year profits rise
23 October 2008 15:06
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A marginal full-year profit rise has been reported today for the Peel Holdings owned 1.4m sq ft Trafford Centre shopping mall, following the tenth anniversary of its opening last month.
It has been reported pre-tax profits had increased to £23.7m for the full year to March 2008, creating a rise of 2.6%.
Other highlights within the report stated the Trafford Centre had:
- A turnover increase to £77.9m
- A 7.6% increase in visitor numbers due to the addition of leisure attractions and the £26m Great Hall dining area, which opened in March last year
The report, however, stated administrations continue being problematic, with units being left empty, and warned rents at the mall are due for renewal over the next 12 months.
Rental income from the shopping centre's latest attraction – the 200,000 sq ft Barton Square – were not included within the accounts.
