- 2024 has been a year of success and strength with growth achieved for both footfall and sales, indicating how Pradera Lateral’s leasing strategy has been brought to life
- With occupancy at over 99 percent, the retail destination is effectively fully let – a landmark achievement
Trafford Centre, the iconic retail and leisure destination, is proud to share that 2024 has been a year of remarkable success and growth. With sales and footfall continuing to grow at an impressive rate, the centre has attracted premier brands, resulting in occupancy being at over 99 percent – making the retail destination effectively fully let. This landmark achievement has been made possible by an ambitious leasing strategy set out by asset managers Pradera Lateral.
Health and Beauty category continues to thrive and a key linchpin of the leasing strategy is an investment in the beauty category. Having identified the huge potential that the cosmetics industry possesses, Trafford Centre has invested in welcoming future facing beauty brands to the centre, such as Sephora and Space NK. Trafford Centre is proud to consider itself to be the beauty hub of the North.
The arrival of these renowned beauty brands aren’t the only ground-breaking leasing deals that Pradera Lateral’s strategy has made a reality. It has acted as a catalyst for interest from more premier brands, such as Gymshark (launching summer 2025), Hobbs, Lululemon, Blank Street, Tommy Hilfiger and Tiffany&Co – all of which have arrived, or are set to, in the coming months.
Whilst Trafford Centre’s diverse retail mix offers something for everyone, what unites the centre is a bold commitment to always offering the best of the best. As a result, the centre boasts impressive footfall and sales, with every quarter of 2024 delivering higher footfall and sales than that of 2023. Footfall from January – October in 2024 saw a 10 percent uplift vs 2023 and continues to grow as we enter our peak season. a remarkable 16 percent uplift than that of 2022.
Whilst the centre is now effectively fully let, Trafford Centre’s leasing strategy is set to evolve to meet its new needs – with a keen focus on working closely with extraordinary brands that add real value to its consumer and community. With such a dynamic retail market afoot in 2024, Trafford Centre is committed to always creating opportunities for the right retailers.
With its status as a fully let retail destination, Trafford Centre’s status within the market is clear, making it possible for Pradera Lateral to be strategic as they continue to refine the retail offering at the centre.
Kate Pearson, Director of Asset Management, Pradera Lateral – Trafford Centre’s Asset Managers, commented: “Whilst it is incredible to now be effectively fully let, we are more committed than ever before, to ensure our retail mix is as extraordinary as possible. We know that to bring that to life we must continue to prioritise our leasing strategy which champions our customers local community, as well as the power of data.”
