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Major shopping centre is heading to auction
Daily Post
|May 28, 2025
A MAJOR shopping centre is heading to auction next month.
The Menai Centre was developed in Bangor back in 2007 by Cathco Property Group and cost £18.5m to build.
But the 130,000 sq ft building had been left 80% vacant after losing big names like Debenhams and H&M during the pandemic. It was bought by Bearmont Capital - run by Rob Lloyd - in 2023.
Since then, new names have been added - with The Original Factory Shop (TOFS), Greggs, and Hays Travel opening, as well as the City Sports & Cocktail Bar taking on the old H&M site.
A deal is in place to open a major health centre at the former Debenhams in a partnership with Cyngor Gwynedd and the Betsi Cadwaladr health board, backed by Welsh Government funds.
This story is from the May 28, 2025 edition of Daily Post.
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