Rent increase shows Burnley town centre is top

Burnley’s Charter Walk has seen an increase in rent prices and is popular with major national retailers

Burnley’s Charter Walk has seen an increase in rent prices and is popular with major national retailers

First published in News Burnley and Pendle Citizen: Photograph of the Author by

BURNLEY’s shopping centre is leading the way in the north west, according to a new survey.

Real estate advisors Colliers International has found that Charter Walk was seeing the biggest increase in terms of rent price rises.

The news has been welcomed by council chiefs and centre bosses, with more good news as another major retailer is set to move in.

Coun Shah Hussain, Burnley Council’s executive member responsible for the town centre, said the study provided ‘further evidence’ that the town was on the up.

“This is excellent news. Burnley is performing well when it comes to getting shoppers into our shops,” he said.

“We have a strong shopping centre that attracts visitors from a wide area. We’ve seen major investment by Addington Capital, the asset managers of Charter Walk, to redevelop the centre and national High Street names Next and River Island have increased the size of their stores to meet demand.

“Together with plans to redevelop the St James Street area, all this shows that Burnley is a thriving shopping centre with a bright future, and is well worth a visit.”

Colliers International found that retail rents across the North West were down for the fourth year. But in Burnley, rents had risen seven per cent, or £5, to £80 per square foot.

Charter Walk said the empty unit next to River Island could soon be filled by another national fashion retailer.

Comments (4)

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8:27am Fri 11 Jul 14

DaveBurnley says...

"Charter Walk said the empty unit next to River Island could soon be filled by another national fashion retailer."



Oh, just what we need, another fashion shop. How about
"Charter Walk said the empty unit next to River Island could soon be filled by another national fashion retailer." Oh, just what we need, another fashion shop. How about DaveBurnley
  • Score: 3

8:29am Fri 11 Jul 14

DaveBurnley says...

"Charter Walk said the empty unit next to River Island could soon be filled by another national fashion retailer."



Oh, just what we need, another fashion shop. How about a proper store selling quality household goods instead of cheap rubbish?
"Charter Walk said the empty unit next to River Island could soon be filled by another national fashion retailer." Oh, just what we need, another fashion shop. How about a proper store selling quality household goods instead of cheap rubbish? DaveBurnley
  • Score: 0

12:49pm Sat 12 Jul 14

slants says...

so high rents means the place is buzzing ? i would have thought the empty shops would say more than that
so high rents means the place is buzzing ? i would have thought the empty shops would say more than that slants
  • Score: 3

9:28pm Sat 12 Jul 14

Pendlesider says...

only argument here is that higher rents equate to higher footfall (a term used for more shoppers walking past the retail stores).
.
but I'm sure the reason most retailers left this town centre was because of the high rents in the first place -
.
so what you see here is what's called 'intelligent propaganda' that attempts to lure the unwary retailer into setting up shop in what can only be described as a 'straggling town' twixt Blackburn and other areas.
only argument here is that higher rents equate to higher footfall (a term used for more shoppers walking past the retail stores). . but I'm sure the reason most retailers left this town centre was because of the high rents in the first place - . so what you see here is what's called 'intelligent propaganda' that attempts to lure the unwary retailer into setting up shop in what can only be described as a 'straggling town' twixt Blackburn and other areas. Pendlesider
  • Score: 1

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