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The Mall Sold - Expansion Announced

Wednesday September 14 2011

THE MALL in Barnsley has been sold to new owners, We Are Barnsley can reveal.

TF&C Reit has exchanged to buy The Alhambra Centre Barnsley and The Cleveland Centre in Middlesbrough from The Mall Fund for £108.1m.

Capital & Regional's Mall Fund will use the cash from the sale to pay off debts and focus on its stronger assets.

The news was released by the Reuters news agency this morning - and comes just hours after The Mall announced some major changes with confirmation that both Shoe Zone and Next expanding their stores in a move that will create 20 extra jobs.

Next will treble the size of their existing store by expanding into the current Shoe Zone unit to create a huge 8,000 sq ft shop. The works on the new store will take place over the next few weeks and will be finished in time for Christmas shopping.

Shoe Zone is moving to the former Madhouse store, which was vacated earlier last month when Madhouse relocated to another unit at The Mall.

The new Shoe Zone store will incorporate the Stead & Simpson brand, and will be opening at the end of September.

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Reply Posted by Speedio on Monday September 12 2011 at 15:52
Great news, lets hope some larger well known stores can be attracted too 

Reply Posted by Annetterushworth on Tuesday September 13 2011 at 10:44
Why the obsession with larger units?  Surely some small units would be better to allow more unusual and independent traders would make for more interesting shopping.

Reply Posted by Steer28 on Wednesday September 14 2011 at 10:51
I agree with both comments. Larger units should attract bigger companies and more customers but small units with independent stores give a place character. Ideally we should find a mixture of the two. I suspect they're taking a gamble on this based on the plans to renovate the town centre. If they got it cheap that may have been a very smart move.

Reply Posted by stacey on Wednesday September 14 2011 at 15:07
will be nice if next do expand there range as there is only primark in town to buy kids clothes from n some choice would be nice

Reply Posted by Wardy on Friday September 30 2011 at 17:36
Always called it Alambra. My mum worked there when woolies was still open, i don't tend to shop in Barnsley as i live in Sheffield now and there is more choice. The market no longer serves as an attraction now either. Just hope the people who designed the bus station and agreed the changes to New Lodge are not involved in the new development plans for the town centre