Motherwell Shopping Centre is enjoying a cracking start to the festive season with over 90 per cent of shops let, and four new businesses opening.
The four new businesses are entertainment and electronics store CeX, Windmills Café and Training Centre, Bella Mani beauty salon and charity shop Poundemonium.
The new arrivals have pushed the centre’s occupancy rate up to 91 per cent, a record level since Chester Properties took over nearly four years ago.
The comes as the Scottish Retail Consortium warned vacancy rates of 11.1 per cent on Scotland’s high streets are at their highest level since July 2011 with Tie Rack the latest big name retailing casualties.
Consortium director Fiona Moriarty said: “While the last few months have seen tentative signs of economic recovery, trading conditions remain challenging in many towns and shopping centres across Scotland.
“Motherwell’s occupancy rates demonstrate that they are doing well at recruiting and retaining tenants to the shopping centre and have a good understanding of what their customers want and need.”
William Gear, director of Chester Properties, says this shows they were right to spend £450,000 refurbishing the centre.
He said: “Achieving occupancy rates of over 90 per cent is a tremendous achievement at any time, but particularly impressive when so many big name retailers are casualties of the tough trading conditions.
“Our performance vindicates our decision to re-launch Motherwell Shopping centre with £450,000 worth of refurbishment works over the last few months and install the town centre’s new free wifi system jointly funded by North Lanarkshire Council.”
The Brandon Shopping Centre was relaunched as Motherwell Shopping Centre last month by Elaine C Smith.