Chorley’s town centre shopping centre is celebrating a year of success after announcing bumper profits.
Twelve months ago, the Market Walk shopping precinct was purchased by Chorley Council.
Since the purchase, all four empty units have been filled, and the mall has made a £1m profit, according to the
The profits were double the predicted figure.
The council said it is also looking into possible extension plans which would help attract big name retailers.
Should the extension go ahead, up to 200 new jobs could be created.
Deputy Leader of Chorley Council, Coun Peter Wilson, said: “It was a big decision this time last year for the council to go ahead with the purchase of Market Walk but so far it has proved extremely successful.
“Footfall in the shopping centre is on the increase and we have big plans for the New Year including an all-new website that we are currently working on.
“We are also looking into possible extension plans that would see the creation of bigger units in order to attract a big-named flagship store and a leisure outlet such as a cinema.”
A number of plans are being put together for the Christmas period in Market Walk including a special festive postbox where children can post their letters to Father Christmas and participation in Chorley Council’s Nutcracker Trail.
“The council bought the centre for two main reasons – one as a much-needed source of income ensuring that money was re-invested in Chorley and not taken away by outside investors,” said Coun Wilson.
“And secondly, it gives us more influence over what
retailers we bring to Chorley.
“We’ve already seen the four empty units filled with a variety of stores and that can only improve the offer for shoppers and visitors.
“It just goes to show that by investing in our town we’ve been able to make a big
difference – we’re already seeing interest from big name stores in our extension
proposals and we hope to develop those over the next year.”