Seven Dials’ decision to reposition the shopping centre has increased footfall.
However, over the next couple of decades the centre was severely hit as the city’s retail pitch shifted towards a new shopping centre called St Stephen’s, which was built right next to Hull’s train station.
The city’s high street was also badly blighted as many retailers bit the dust or rationalised their estates following the global downturn, leaving Princes Quay in a difficult position.
But in the past 12 months its fortunes have changed. Today the centre is thriving following a repositioning undertaken by Seven Dials Fund Management and asset manager Realm.
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