Metrocentre sees increase in footfall, revenue and occupancy rates

The North East’s largest shopping centre has hailed strong progress in its latest accounts, with footfall reaching a post-pandemic high of 14.4m visitors.
The Metrocentre in Gateshead says the shopping and leisure destination is building on its momentum despite the challenging macroeconomic conditions, with a £70m investment into the centre by owners Metrocentre Partnership helping to draw in “high calibre” tenants while driving a one million increase in footfall since lockdowns.
In figures for 2023, the firm said net operating income increased by 17% over the year to reach £35.2m, and was also markedly up on the £24.6m reported in December 2020, before the pandem …