The Grafton centre, which has been a shopping centre in Cambridge for the last 30 years has been put up for sale, with its estate agent recommending it be redeveloped into something new.
On Thursday afternoon (June 17) Savills listed the shopping centre online, although it has not revealed the guide price or reason for selling.
The shopping centre has struggled over the last few years in part due to the pandemic that hit the high street hard through lockdown.
But even before that, The Grafton has struggled to fill all of its storefronts, with a few still being left empty.
Now, the centre is up for sale with Savills recommending the site be redeveloped, saying it would make a good space for a life sciences lab and hotel.
Mark Garmon-Jones, head of repurposing and retail investment at Savills, says: “The Grafton presents a truly extraordinary one-off opportunity to redevelop 12 acres in Cambridge to a standout, revitalised mixed-use destination.
Cambridge is a globally-recognised location across a number of sectors and the potential for life sciences uses at this scheme is particularly exciting.”
Since the announcement, many in the city have expressed their views over how the site could be redeveloped, sharing their either positive or negative reactions to the news.
We’ll be covering this story live for a second day in our blog below, including an official comment from the current owners of The Grafton centre and some key opinions of how the space could be used in the future.
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