'Serious talks' taking place to fill Broad Street Plaza's empty units

The Broad Street Plaza in Halifax
The Broad Street Plaza in Halifax

The owners of the Broad Street Plaza in Halifax have said they are in talks about letting some of its vacant units.

Regional property investment firm Palace Capital has announced a 72 per cent leap in half year profits as it forges ahead with investments in York, Leeds and Halifax.

The group bought the Broad Street Plaza leisure scheme two years ago, which is home to a Pure Gym and a Vue cinema.

"The leisure sector has had a tough time," said Palace Capital's CEO Neil Sinclair.

"The Prezzo at the site had a CVA and they have moved out. We have now got serious talks to let that space. We think that on the leisure side, the worst is over. Last year was really difficult."

READ MORE: Restaurants closure blow for Halifax’s Broad Street Plaza

In January two major restaurant chains, The Harvester and The Chinese Buffet, based in the complex closed.

At the Mr Sinclair maintained that were not hugely concerned and that plans would be put in place to assist tenants.

READ MORE: Broad Street Plaza owners plan to replace departing restaurant chains

“It’s not necessarily the economy but you’ve got to get the model right for where you are, which The Chinese Buffet and Mitchells & Butlers haven’t done," said Mr Sinclair in January.

“What we’re going to do is embark on a programme to increase footfall to the Broad Street Plaza complex. We’re reviewing the situation and the tenants will be replaced, but it’s not something we’re concerned about in the medium term.”

UK Palace Capital, a property investment company that focuses on commercial property outside London, bought the plaza in 2016 Palace Capital, a property investment company that focuses on commercial property outside London, has acquired Broad Street Plaza in Halifax in a £24m deal.