Hartlepool Development Corporation has recently acquired the long lease of Middleton Grange Shopping Centre and has identified several structural issues that require immediate attention. Although the purchase process has resulted in a £1.4m maintenance cost for the next decade, the HDC has revealed that it will not require additional funding. The Board has outlined a report to start the improvement process immediately, with the repairs being the first stage in the HDC’s plan to transform Hartlepool for the benefit of the town’s shoppers.
Tees Valley Mayor and Hartlepool Development Corporation Chairman Ben Houchen has expressed the urgency of the improvements, stating that the town’s shoppers deserve a better shopping experience. The HDC also plans to increase the centre’s marketing budget, paid for by net operating income, to attract more shoppers to the area.
The HDC’s acquisition of Middleton Grange Shopping Centre aims to control the retail landscape of the town centre and repurpose its heart. The agreement allows Hartlepool Borough Council to keep the site’s freehold, while the HDC will appoint asset and property managers to oversee the shopping centre. Future plans include regenerated public spaces with a new frontage that can cater to a range of visitors beyond retail.
The improvement process by the HDC presents an opportunity for Middleton Grange Shopping Centre to improve its offerings while fulfilling the needs of the local community. The immediate plans to renovate illustrate the HDC’s commitment to transforming Hartlepool and ensuring the town centre is an attractive location for shopping and relaxation.
The North East shopping centre declares “enhancements and advancements” following its acquisition.
