Since opening its doors to the public 25 years ago on 4 September 1990, Meadowhall has made an important contribution to South Yorkshire as a driver of regeneration, innovation and economic success.
Meadowhall is one of the UK’s six super-regional shopping centres and the highest retail conversion rate of any shopping centre in the country (97%). Continuous investment and active asset management has led to improving performance year-on-year and the centre currently has 295 stores. The average retail spend during the peak trading period in the year to March 2015 was £152. An economic asset to the region, the centre provides direct employment to an estimated 7,200 individuals. The Source, which British Land established with Sheffield City Council in 2003, has built a national reputation for excellence and customer service training programmes. In the year to March 2015, Meadowhall contributed over £61 million in tax to the Sheffield region as well as a further £16 million through the supply chain.
To ensure Meadowhall continues to offer a market-leading retail, food and leisure experience, the centre is set to undergo a substantial £50 million refurbishment which will start later this year. Due for completion by the end of 2017, the works will significantly enhance the centre and will include the installation of double height shop fronts, as well as new way finding, mall seating, lighting and the installation of lighting artwork.
Meadowhall has recently attracted a number of new retailers including The White Company, Jigsaw, White Stuff, Size?, Liam Gallagher’s Pretty Green, Cadenzza, Smiggle, Lola & Grace and Nomination, as well as food and beverage operators such as Joie de Vivre Champagne Bar, a larger Wagamama’s and Five Guys.
Claire Barber, head of retail assets (London, South East and Meadowhall) for British Land, said: “Meadowhall is a landmark retail destination and we are proud to be celebrating its 25th birthday with our staff, retailers, shoppers and the local community. British Land is investing in assets across the retail portfolio to ensure centres such as Meadowhall reflect the way people shop today and in the future. Our exciting refurbishment plans will maintain Meadowhall’s position for years to come as the shopping and leisure destination of choice for a wide range of occupiers and customers.”
Other shopping centre news: