Barclays banks on Altrincham
ALTRINCHAM, the Greater Manchester suburb described by a report as a ghost town this year, is continuing its fightback after attracting investment from banking giant Barclays.
McCafferty Asset Management, which manages the town’s Stamford Quarter, has signed a £2m deal with Barclays for a new branch which will open in the Spring.
The bank, which has been in talks over the new site for nearly three years, has signed up for 6,632sq ft of space.
Ken Hutchings, managing director of McCafferty, said: “Our team have worked arduously with Barclays to secure this major deal in a very challenging market place.
“Our tenacity has certainly paid off in getting this deal over the line. This is fabulous news for Altrincham, and indeed for the North West, we are delighted.
“This will be a flagship development for Barclays, a tremendous boost for Altrincham and will provide more jobs for the region.”
In September retail analyst the Local Data Company placed Altrincham at the top of its medium-sized town league with a vacancy rate of 30% after a survey of more than 700 towns and cities between January and June, sparking a major reaction from traders in the affluent town, and the local chamber of commerce.
Unquestionably hard hit by the Trafford Centre over the last decade, a new parking scheme has been formed between traders and Trafford Council in a move to further drive footfall.
