Beijing Comes To Wigan As Chinese Group Grabs A Share Of Everything

Courtesy of Wigan Council
Grand Arcades, Wigan, As It Will Look Post-Rethink.

Mark McNamee’s Cityheart and Chinese group Beijing Construction Engineering Group International, or BCEGI, have been appointed as the strategic development partners for the £130M redevelopment of the 440K SF Galleries Shopping Centre in Wigan.

The rethink involves a beefed-up leisure offer, including an esports venue, bowling alley, miniature golf and six-screen cinema, along with a hotel and 464 apartments.

Wigan Council, Cityheart and BCEGI have yet to agree on the final details of the development but said construction is likely to begin in early 2022 with an anticipated completion date of 2025.

The move helps answer the increasingly urgent question of what to do with surplus-to-requirements shopping centres. Last month MCR Property took the unusual step of deciding to shutter Rochdale’s 164K SF Wheatsheaf Centre, one of the first landlords in the UK to do so.

The announcement also represents a further advance in Greater Manchester for BCEGI. The expansionist business is already dug into schemes in the city of Manchester, Salford and Bolton.

Before the coronavirus pandemic, the capital value of the schemes with which it is involved was north of £3B.

It is also bidding for a share of the £1.5B ID:Manchester development on the former UMIST campus and a role in Stockport town centre’s residential regeneration.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Manchester Newsletters
Related Stories

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Chipotle Adding Hundreds Of New Locations Worldwide

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Starbucks Spending $1B To Turn Cafés Into Community Lounges

Thor Equities Reacquires Retail Portion Of Palmer House After Losing It To Foreclosure In 2023

Lululemon Cuts U.S. Expansion Plans, New CEO Takes Helm At Athleisure Staple

Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio

Buc-ee's Convenience Store Star Fades As Visits Slip

Retailers Charging Ahead With EV Stations Despite Policy Pullback

Suburban Chicago Shopping Center Sells For $122M In Major Retail Deal