North Point brings boost for Hull’s local economy

A restructuring operation at North Point Shopping Centre has led to a significant increase in customer, with footfall equivalent to almost two-thirds of Kingston-Upon-Hull’s entire population now visiting the retail destination each week.

 

Adrian Doble, also a partner at FRP Advisory, became chief executive of North Point when the parent company collapsed into administration and is overseeing a full restructuring of the shopping centre.

 

“By focusing only on tenants that work hard to provide value for money North Point is bucking the national trend and footfall is increasing.” said Adrian. “We peaked at 160,000 a few weeks back and as we are a destination centre I know that a high proportion of those visitors come to spend.  It really is a unique retail offer for Bransholme and the whole of Hull.

 

“We welcomed Morrisons in April this year and Ellie Louise opened their doors this month.  I can’t wait to see more retailers aimed at younger people as next year the largest Health Care PCT in the region opens its doors.  It is being built now on our land and we want to provide for the needs of the mother and child customer that this will inevitably draw in.  The cornerstone of this centre is the community.”

 

The number of people visiting the Bransholme-based shopping centre increased by 4% in Q1 2011 compared with a year ago.  As part of the improvement drive Managing Agents, First Investments, of Chorley have been appointed and Beverley based Alec Cammish is advising on strategy.  Local agents, Garness Jones have joined the team, as have national agents Tushingham Moore.

 

The 13-acre shopping centre features 750 free car parking spaces, while 500 buses stop there each day. Doble and the new team are now focusing on making its portfolio even stronger. He adds: “There are some exciting developments underway at North Point. It has planning consent for 100,000 sq ft of additional retail accommodation, plus space to develop a drive-through restaurant if we can find interested investors.”

 

Photo: Adrian Doble is currently overseeing the shopping centres restructuring.

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