Arndale Shopping Centre, Manchester

Written By alasdair robertson

ADVISORY

Strategic advice with respect to the future ownership and operation of 1,383 space Manchester Arndale MSCP

  • Whilst the city council is owner they are not a financial beneficiary of the car park, which sits in a complex structure that is believed to be a contributing factor in sub-optimal performance.

    • Revenue performance of the car park – historic, current and future, with 25-year (2020 – 2045) cashflow

    • Changes to Manchester retail market and personal transportation

    • Impact of the above on customer and land uses

    • Redevelopment of the scheme and city centre

    • Capital value/receipts that could be generated by the car park

    • Life cycle of car park (whether fit for purpose and repair costs/liabilities)

    • Lease terms (restrictions on both parties and potential for variation)

alasdair robertson
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