Economy & Enterprise

Stories about Economy & Enterprise

Princesshay shopping centre

Frasers buys Princesshay shopping centre as part of wider retail space acquisition

Mike Ashley-owned sports goods and retail group buys 400,000 square feet centre outright from The Crown Estate and Nuveen for a reported £80 million.

Paternoster House scaffolding

Paternoster House flats described as “blueprint for Exeter’s future” marketed for rent at up to £3,500 per month

Standard minimum earnings eligibility threshold to rent each of four city centre flats so far completed ranges from £71,500 to £104,000 per annum, three times Exeter median wages, while best-paid 10% in Devon earn £52,400.

Matford Centre cafe operator sought

Exeter City Council is looking for a new operator to run the Matford Centre cafe, a purpose-built 6,000 square foot unit with space for 150 covers and a bar.

First post-pandemic city council visitor facilities performance report published

A report on the financial performance of visitor facilities owned and run by Exeter City Council has been published for the first full year since the pandemic in which they operated without any restrictions.

Exeter Corn Exchange still loss-making despite increased ticket sales

City council-owned and run Exeter Corn Exchange, which hosts live performance and other events, made a net loss in 2023-24 despite an increase in ticket sales.

Matford Centre nets nearly £900,000 for city council

The council-owned Matford Centre made a surplus of £871,000 on income of £1,132,000 during 2023-24.

Page 3