North Wales Shopping Centre Has Been Sold

Full sale of Bangor's Menai Centre completed in £2.75million deal

Bearmont Capital has completed the sale of Bangor’s Menai Centre, marking the conclusion of its ownership of a key retail destination in North…

North Wales shopping centre has been sold

The Menai Centre in Bangor has been sold in two separate lots

Bearmont Capital Sells Menai Centre in Bangor

A major milestone has been reached in Bangor’s high street regeneration efforts. The Menai Centre, a 64,300 sq ft retail complex has been successfully sold, following an online auction. Originally built in 2007 at a cost of approximately £18.5 million, the Menai Centre faced significant challenges during the COVID-19 pandemic, losing key anchor tenants such as Debenhams and H&M. At one point, vacancy levels reached nearly 80%. In April 2023, the…