Trafford Council finalises £50m regeneration scheme

Trafford Council and Bruntwood Works have finalised a £50 million property deal which will provide a massive boost to the borough’s economic regeneration.

Contracts have been exchanged on the joint venture, which will see the acquisition of Stretford Mall as well as Altrincham’s Stamford Quarter Shopping Centre and Clarendon House, more than doubling Bruntwood Works’ retail and leisure portfolio. The Stretford Mall purchase will act as a catalyst for further investment and regeneration of the town, while Stamford Quarter’s acquisition will allow the award-winning Altrincham high street to continue to thrive.

Plans for the redevelopment of Stretford will be made in conjunction with residents and businesses to ensure the successful regeneration of the area. The council is already looking to revive Stretford with its Civic Quarter Masterplan, which will boost the area from Lancashire Cricket Club to Manchester United’s Old Trafford ground.

Cllr Andrew Western 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.”