THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Huddersfield retail scheme acquired by ALB Group

A prime retail site in Huddersfield that is home to retailers such as Primark, Home Bargains, One Below and Ladbrokes has been acquired by Nottingham property… View Article

SHOPPING CENTRES, HIGH STREETS & RETAIL PARKS

Huddersfield retail scheme acquired by ALB Group

A prime retail site in Huddersfield that is home to retailers such as Primark, Home Bargains, One Below and Ladbrokes has been acquired by Nottingham property company ALB Group.

The 80,000 square foot building is situated in the town’s New Street.

The move  follows a number of similar acquisitions by ALB Group of underperforming town centre retail assets across the UK.

Arran Bailey, managing director of ALB Group, said: “The New Street building in Huddersfield is a major acquisition for us, and we already have some exciting new tenants lined up for the property. Like many towns and cities across the UK, Huddersfield faces difficult challenges with the rising cost of living and high street retailers often struggling to survive.

“But these places represent the life blood of the community, and we are determined to provide an environment that not only supports the existing businesses but also encourages new, independent traders to set up shop. This way, we can help breathe new life into Huddersfield town centre.”

ALB said it will be offering more affordable and flexible lease contracts, particularly to encourage independent, local entrepreneurs to trade alongside the larger high street chains. The team behind the project is also keen to provide student accommodation above some of the units.

The acquisition represents the third major town centre purchase by ALB Group from global asset management company Columbia Threadneedle Investments. It follows the recent acquisitions of Moxon Island shopping centre in Stoke-on-Trent, the Sailmakers shopping centre in Ipswich, and seven key buildings in Derby’s Albion Street.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News