News Column

. . . but it is business as usual for another victim

January 29, 2014

THE InShops centre at Chester-le-Street, near the top of Front Street , is staying open after having been taken on by the building's owner. It is business as usual for the centre's 16 traders. Owners London -based property investment companySwiftbury is still operating and the centre is now being run by chartered surveyors Philip Wragg and Partners. It has more than 40 units, most of them occupied, and is home to businesses including a newsagent, cafe, bookshop, tattooist, nail bar, furniture store and mobile phone repairer. It is being managed by Guy Starling , who was manager of Consett InShops. Philip Wragg said InShops gave the traders a week's notice, but Swiftbury stepped in to keep the centre open. "The traders were all happy and keen to continue, so it is business as normal. After two weeks, it is looking positive. "The traders would have faced the prospect of what happened in Consett, with the market folding and having nowhere to trade from. "We hope we can try to provide a destination for people. There are quite a few empty shops in Chester-le-Street so it is nice to keep this one open. "Hopefully it is good for Chester-le-Street." He added that the InShops name would be replaced in the near future.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Northern Echo (England)


Story Tools