Last week I blogged about the Invest in Nottingham day – and I mentioned my walking tour of Nottingham with Nigel Turpin. We had stopped by the Broadmarsh Centre – which remains something of an enigma for Nottingham.
In the heady days of the booming market, the prospect of a new £400m centre sounded fantastic – and the images splashed around were inspiring. But then we all know what happened and all of those tenants required to fund such a venture ran off!
Later in the “Invest Day” Steve Wood from Westfield gave the assembled audience an insight into their position. They have a global perspective – with 119 shopping centres managed around the world, they look after 20,000 tenants.
Broad Marsh attracts 17m visitors each year – helped by the student population of around 55,000. But more importantly the spending power in the catchment is around £3bn annually. There are lots of ‘young affluents’ – key to the success of a shopping centre.
So what of the future?
The market needs to improve before we see the original scheme reinstated – and I personally don’t see this happening in the short or medium term.
The present shopping centre is at a low ebb. It needs some intervention. Steve confirmed that they were going to enhance the management, reconfigure some of the centre (notably the former TKMaxx store), refurbish parts of the centre and re-position it generally in the marketplace.
As I walked back from Loxley House to collect my car (and pay the outrageous £11 for my 6 hour stay!) I walked into the south side of the centre. Someone on the tour had remarked that this was a gateway entrance and a key point into the City from the station – and it is through patio doors…
A bit harsh, but not far wrong – whatever the proposals this entrance into the City from the south needs some work – we were once a gated and walled City – with ‘statement’ gateways. Patio doors make all the wrong statements!







