The new manager of Newcastle shopping centre Eldon Square has told how the destination has emerged strongly from the pandemic to be one of the UK’s best performers.
Like other shopping centres around the UK, Eldon Square suffered during the pandemic and the many lockdowns, having already taken a hammering as a result of the changing retail landscape. Big name retailers Dorothy Perkins, Debenhams and Top Shop are among the firms which have collapsed in recent years, the latter two leaving large empty units at the city centre.
But despite ongoing economic uncertainty and rising inflation, latest research from the British Retail Consortium (BRC) showed operators are now investing in store openings across the UK, with Eldon Square among those benefiting from the increasing optimism. Since former owners Intu collapsed, the centre it has been owned by administrators and managed by specialist investment manager Catella APAM and property management company MAPP.
