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24 May 2021
Quarterly Report
The Company has prepared a quarterly report for the period 1 January 2021 up to and including 31 March 2021 which contains an operational and liquidity update and is available on the Company s website at https://debentureplc.com/ (the Quarterly Report ). The Quarterly Report notes that, although the Eldon Square Shopping Centre, the Potteries Shopping Centre and Xsite had only 19%, 4% and 2% respectively of floorspace open throughout Q1 2021, 42% of rent and 48% of service charges were collected in the same period, representing an improvement against forecast levels. The Quarterly Report also details key tenants (including, for example, Next Holdings Limited, Boots UK Limited and Odeon Cinemas Limited), a footfall comparison, a Q1 2021 cashflow statement and Q2 2021 cashflow forecast, amongst other updates.
An exact closing date has not been confirmed but it will be in August.
The news comes as Hanley is losing its large Debenhams branch in the Potteries Shopping Centre.
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Stoke-on-Trent Live readers have been giving their views on what could possibly replace M&S - but many say they feel it is irreplaceable and took to our Facebook page to praise the staff at the branch.
Looking to the future, other readers noted the sheer size of the store and suggestions range from trying to tempt the likes of Zara and John Lewis to the city centre to dividing the space up to form a destination for a number of independent shops similar to Affleck s Palace in Manchester.