Metrocentre Sale Process
Metrocentre is thriving following a focused £60m investment programme that has provided the impetus for sustained strong performance. This, combined with increasing interest from investors in major retail and leisure destinations, has led Metrocentre to move forward with a sale process to support the next phase of our development from a position of strength.
The £60m investment programme, led by Sovereign Centros, has transformed the centre - attracting strong occupancy across a diversified tenancy mix including exciting new brands and upgrades and expansions for existing operators. This helped drive footfall to reach over 16 million for the first time since the pandemic, up 5.4% year-on-year, alongside continued income growth.
It is early days in this process, so the team is fully focussed on ensuring the centre continues to thrive, as one of Europe’s most extensive retail and leisure destinations, by supporting our tenants, delighting our customers, and driving growth in the North East region.
For media enquiries, please contact metrocentre@mhpgroup.com
