The Trafford Centre is a large indoor shopping centre and leisure complex in Greater Manchester, England. Located in Urmston in the Metropolitan Borough of Trafford, the centre is within the Trafford Park industrial estate, five miles west of Manchester city centre.
The Trafford Centre opened in 1998 and is the third largest shopping centre in the United Kingdom by retail size. It was developed by the Peel Group and sold to Capital Shopping Centres following a £1.65 billion sale in 2011 – the largest single property acquisition in British history. As of 2017, the centre has a market value of £2.312 billion. After the previous owner Intu Properties had entered administration in June 2020, the centre was placed into receivership by its creditors in November 2020 and ownership transferred to The Trafford Centre Limited. In December 2020 the Canada Pension Plan Investment Board, who had loaned Intu £250 million in 2017, exercised their rights as creditors to acquire the shares from the administrators and take ownership of the complex.
Source: Wikipedia.org
Copyright: Creative Commons 3.0
Trafford, United Kingdom
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