All quiet on the sale of the Ridings

The Ridings, Wakefield
The Ridings, Wakefield

The owners and management of the Ridings Shopping Centre are still refusing to comment on its possible sale.

The Express reported last week that owners Moorfield Group has been in discussions to sell off a multi-million pound property portfolio, which includes the Ridings.

The shopping centre is listed among properties which Moorfield is in talks to sell to private equity company Lone Star as part of a deal worth £1bn.

However, both Moorfield Group and bosses at the Ridings have again declined to comment.

A spokesman for Moorfield said: “We do not comment on press speculation.”

PlusShops, who manage the centre, also refused to comment on whether it was for sale.

A store worker, who did not want to be named, told the Express she heard the centre is for sale around three weeks ago.

The Ridings opened in 1983 and was the city’s main shopping centre until Trinity Walk opened in 2011.

Since then, book stores Waterstones and WH Smiths are among a number of shops which moved out of the Ridings, with Smiths relocating to Trinity Walk.

But cut-price clothing firm Primark is currently revamping and expanding the size of its Ridings store.

Traders from Wakefield Market, which is itself due to become a cinema, were due to move into the Ridings in September.

The council could not comment on whether a potential sale of the Ridings would affect the move.