Peel Group will be moving out of its Trafford Centre headquarters and into its Venus Building at TraffordCity within the next coming weeks.
The landlord said that since the advent of coronavirus, the company has been reviewing how fit-for-purpose its current office space is. As a result, the business will be moving to “more appropriate accommodation”, a Peel spokesman said.
Staff will move in phases to the new office, which is “better suited to both safeguarding our people’s wellbeing and meeting our future business requirements,” the spokesman said.
It will be a short move to make, as the 91,500 sq ft Venus building is located opposite the Trafford Centre. The office was verified earlier this year as a net-zero-carbon building.
It marks the end of an era for Peel’s presence at the Trafford Centre. The company sold the centre in a £1.6bn shares and debt deal in 2011 to intu, then known as Capital Shopping Centres Group.
Senior market figures recently called the deal ill-judged, with one retail source saying that the sale “could go down as one of the worst deals of the last 10 years”.
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