Trafford Centre valuation creeps above £1bn
Footfall was up 8% and net rental income increased by £4m during 2025 as the 2.2m sq ft retail complex defied geo-political uncertainty.
Trafford Centre is owned by Trafford Centre Limited, part of the Canada Pension Plan Investment Board, which acquired the retail destination in 2020 from Intu Trafford Centre Group.
The headline from Trafford Centre Limited’s results, which cover the year ended 31 December 2025, is a £56.8m increase in the asset’s valuation from £985.9m to £1.057m year-on-year.
Some 23.5m people visited the Trafford Centre last year, up from 22.8m the year before.
Openings including the world’s largest JD Sports, Whittard, Joe & the Juice, Popmart, and Pureseoul and increases in the size of Apple, Mamas and Papas, Moss Bros, and Swarovski contributed towards the increased income and footfall seen in 2025.
This year has seen or will see further openings from Uniqlo, Footasylum, The White Company, and Lululemon.
Trafford Centre Limited has current liabilities of £237m and is reliant on financing from its parent company to continue trading. Mezzanine financing of £430m has been agreed up until December 2027, according to the financial results.
Going forward, the company expects that the business environment will “remain uncertain given ongoing geopolitical events”.
These include the war in Ukraine, conflict in the Middle East, and “global macro-economic implications of the policies of the government of the United States”.
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