The council had been looking for a development partner to regenerate the 81,000 sq ft Grafton’s retail complex in Altrincham town centre but has shelved the plans, instead appointing consultancy CBRE to conduct an appraisal on the impact of the pandemic on the scheme.
Developers Novo Property Group and Bruntwood were expected to be appointed to redevelop the site in a 50:50 joint venture with Trafford Council, but the tender, launched last July after the council initially sought a development manager, has now been terminated “due to the economic and social impact of the epidemic”, the council said in a statement.
A statement from Novo Property Group said: “While the decision to terminate the tender process is disappointing, the extent of disruption caused as result of Covid-19 requires a wholesale rethink of the site. We support the council’s decision to review its options before proceeding further.
Andrew Cooke, director of Manchester at Bruntwood Works, said: “We understand Trafford Council’s decision to reassess its options for the future of the Grafton Centre in Altrincham and are supportive of their decision.