It has been announced today that a Canadian property investment company has become the new owner of the Trafford Centre.
Canada Pension Plan Investment Board (CPP Investments) – which is headquartered in Toronto and is a well-established investor in UK shopping centres, with specialist experience of owning large scale retail assets – has acquired ownership of the shopping centre after failing to find an alternative buyer upon previous owner Intu collapsing into administration back in June.
No price has been revealed, but it is understood to be in the region of £800 million, which is less than the £1.3 billion valuation quoted in August this year.
Last month, it was announced that Manchester-based CBRE Group and international firm Savills had been appointed “to manage the centre and day to day operations” of the mall, but now CPPIB – through its wholly owned subsidiary CPPIB Credit Investments Inc (CPPIB Credit) – has acquired sole ownership.
In 2017, CPPIB provided a £250 million loan to Intu to secure against its prime asset.
ADVERTISEMENT
But this was not enough to save the shopping centre giant after it was hit hard due to the coronavirus (COVID-19) pandemic – with many of its retail tenants going out of business or unable to pay rent – before it collapsed into administration under the weight of £5 billion in debt.
Intu’s ongoing economic struggles also came as value of shopping centres has fallen dramatically against the backdrop of consumers’ increasing preference for online retail.
ADVERTISEMENT
Wikimedia Commons
Despite this, the new owners remain hopeful for the centre’s long-term prospects.
As part of its new ownership plan, CPPIB says it will also “evaluate the Trafford Centre’s complex capital structure to ensure it supports the return to long-term viability.”
Speaking on the acquisition, Geoff Souter – Managing Director and Head of Real Assets Credit at CPPIB Credit – said: “The Trafford Centre is one of the UK’s top five shopping centres, welcoming more than 30 million shoppers annually, and counts many leading global retailers among its occupiers.
ADVERTISEMENT
“While conditions for retail in 2020 have been very challenging, we are able to take a long-term view and believe that, with strategic management and investment, the Trafford Centre has strong prospects.
“An immediate priority is to support the Trafford Centre’s management, ensuring continued optimal operation of the Trafford Centre, and to appoint a long-term expert operating partner.”
News
AO Arena are hosting an ‘Evening 4’ Ricky Hatton in memory of the legendary Manchester boxer
Danny Jones
Manchester is set to host a night of remembrance and celebration in honour of the late, great, local boxer, Ricky Hatton.
Coming this summer, the AO Arena – where Hatton enjoyed so many of his iconic moments – will be holding the first-ever ‘Evening4Ricky’ later this year.
Held at the legendary sports and live entertainment venue just in time for summer, we still know very little about what the actual event will entail.
Sharing the news on social media, AO Arena said: “Join us for an unforgettable night of entertainment as Manchester comes together for Evening4Ricky.
“This will be a spectacular, unique celebration of the life, spirit and legacy of one of the city’s most beloved icons – Ricky ‘The Hitman’ Hatton.”
With seats priced at £25, fans are being encouraged to join the early bird sign-up to secure access to discounted tickets.
They go on to add: “Hosted at the legendary AO Arena, home to so many of Ricky’s big fights, featuring a superstar cast of legends from the worlds of boxing, music, comedy and entertainment.”
So, we do at least know there’ll be some famous faces coming along to help make it a memorable Manc moment, just a few months on from the city and beyond uniting for his public funeral procession.
Ricky was beloved not only by the Greater Manchester community but was a popular figure and friend to many in the sporting and showbiz industries.
The homegrown ‘Pride of Hyde‘ tragically left us on 14 September 2025 at the age of just 46, but his passing has once again helped reassert the importance of having more conversations around wellbeing, suicide prevention, and most specifically, men’s mental health.
You can find more information and see how to grab tickets right HERE.
This isn’t the only charitable in memoriam event happening across the region in the coming weeks, either, as Mancs will be gathering to pay tribute to another fellow inspiring sportsman.
Man jailed for stalking, strangling, and raping woman in Manchester
Emily Sergeant
A man has been jailed this week for several offences including rape, strangulation and stalking while living in Manchester.
Jack-Leland Webster – previously Jack Malone – of Cedar Road, Earl Shilton in Leicester, appeared at Manchester Crown Court and was sentenced yesterday (8 April 2026) after being found guilty of rape and strangulation, following pleaded guilty to stalking the victim at a previous hearing.
The incidents took place back in June2024, Greater Manchester Police (GMP) explained, when Webster had accused the victim of cheating with her ex-boyfriend.
The victim had been in communication with her ex after he had reached out to her to let her know he was ‘concerned’ after he found out that Webster had been impersonating him to message the victim and test her loyalty throughout their relationship.
As the victim attempted to exit the flat, Webster blocked the doorways to prevent her from leaving. He then proceeded to get on top of the victim and while he strangled her, said: “Don’t make me kill you. If you do, I’ll have to kill myself so we can be dead together,” before proceeding to sexually assault her.
While on bail, Webster purchased numerous fake social media accounts to follow and contact the victim, as well as her family and her friends, which was in breach of his no contact conditions. On one occasion, the victim was followed by over 100 accounts on a social media platform in a matter of seconds.
During police interviews, Webster denied all charges against him.
When an officer tried to arrange his second interview, Webster was described as being ‘obstructive’ and even told the officer to “pick me up from KFC” and “catch me if you can”.
“Webster showed no remorse throughout the investigation and treated it as a game,” GMP said following his sentencing.
As mentioned, Webster pleaded guilty to stalking before he went to trial, where a jury found him guilty of rape and strangulation. And then Wednesday 8 April 2026 at Manchester Crown Court, he was sentenced tonine years and five months in prison.
He has also been given an indefinite restraining order.
The Manc -
16th December 2020 
