Capital Shopping hails impact of Trafford Centre

Capital Shopping Centres bought the Trafford Centre against the wishes of a major shareholder in the company so there was an element of vindication in the company's 2011 results, with the management boasting that the performance of the Manchester shopping centre had exceeded expectations.

Capital Shopping Centres bought the Trafford Centre against the wishes of a major shareholder in the company so there was an element of vindication in the company's 2011 results, with the management boasting that the performance of the Manchester shopping centre had exceeded expectations.

The shopping centres operator, which also owns the Lakeside centre in Thurrock, Essex, said net rental income rose 31% in 2011 to £364m from £277m in 2010.

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