Self centred

Article Abstract:

Peel Holdings is the real estate developer which has invested in the Trafford Centre, a retail development near Manchester, England. The Trafford Centre has scarcity value because planning permission for large out-of-town developments has become increasingly difficult to obtain. John Whittaker of Peel Holdings does not plan to sell the center although such a sale would bring in a large amount of money. The funding period is short since Peel Holdings aims to have full control of the center as rapidly as possible.

Real Estate, Real Estate and Rental and Leasing, Peel Holdings Ltd.

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Rebuilding the city centre

Article Abstract:

The center of Manchester, England, was devastated by a terrorist bomb in Jun 1996 and a redevelopment costing some 500 million pounds sterling is planned. The focus is on two retail areas, the Arndale center and Shambles Square. P and O owns the Arndale center and Don and Roy Richardson are real estate developers with plans for the area. There may beless focus on pedestrianization which has been criticised as leading to increased crime rates.

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Shopper's paradise?

Article Abstract:

The Trafford center retail development, near Manchester, England, has aroused concern among city center retailers about the impact of a major ou-of-town site. There is also concern about the impact of the new development on traffic congestion, especially since a warehouse development is planned. Trafford also has a leisure element which the promoters emphasise. The impact can be assessed when the center is opened in late 1998.

GENERAL MERCHANDISE STORES, Retail stores

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