Market Place is a golden winner 

08/12/16
Vaults
The Vaults

Bolton’s Market Place Shopping Centre has struck gold and won a top national award.
 
The redeveloped shopping centre won the best refurbishment/extension over £5m category at this year’s Revo Annual Gold Awards dinner, at London’s Grosvenor House.
 
The awards, held Wednesday, December 7, recognise the best retail and leisure destinations and operators in the UK.
 
The Market Place won the award following a transformational, two year, £20m refurbishment to create a contemporary retail and leisure destination.
 
The centre had been in decline prior to the purchase by Inception Holdings Sarl in November 2013.
 
But by uncovering the unique traditional features of the original Victorian Vaults and imaginatively opening up the retail space to attract new retailers and restaurants, the centre now provides an inclusive, vibrant and welcoming consumer experience.
 
Through adding a state of the art nine screen cinema – operated by The Light, a wide-ranging catering offer and unique indoor play area, the centre is acting as the catalyst for re-establishing the town centre’s night time economy.
 
Clever use of formerly vacant space has created attractive opportunities for Next, New Look and the long-awaited reintroduction of a 10,000 sq ft Topshop store. In total, more than 60 lettings, lease renewals and relocations have revitalised the retail and leisure offer.
 
Investment in the fabric and character of the building, together with introduction of public art, entertainment and a full overhaul of management, digital and customer services, is already showing a significant return with impressive results.
 
Footfall has increased by 18.5% year on year and there has been a 71% uplift in car park use and turnover growth of 25%.

Tim Vaughan, CEO of Moorgarth Group, said: “We are thrilled to have won a Gold Award at this year’s Revo presentation. The redevelopment of Market Place has been well received by the consumer, with popularity growing daily.

“To be so well recognised within the industry is just brilliant. One of the key factors in achieving success has been the support shown by Bolton Council whose vision we share for the whole town centre “
 
Cllr Cliff Morris, Leader of Bolton Council, said he was delighted that Market Place had won the award. He added: “The shopping centre has been completely transformed thanks to the investment from Moorgarth, supported all the way by Bolton Council.

“We have worked closely with them to help them achieve their vision and with the Vaults, new restaurants, new shop openings, a new cinema and lots more to come, it is an impressive and exciting development.
 
“The redevelopment has brought an entirely new offer to the heart of Bolton town centre. Not only is the Market Place a great retail centre, it is now also a major leisure destination catering for all of the family.
 
“It is no surprise to us that it won the award and we are so pleased. The award is a great recognition of the work that has taken place and testament that our town centre strategy is working.”

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