1. The Maylord Orchard Shopping Centre is now owned outright by the council as a strategic asset in central Hereford.
2. The Shopping Centre comprises multiple retail units some of which have been vacant and it is important that occupation levels are increased so that the holding costs incurred by the Council are mitigated; that rental levels are sustained at the level when the asset was purchased; and that the vitality of the centre improves.
3. The business plan sets out the management objectives, criteria and parameters for the shopping centre over the short, medium and long term
4. The business plan has been prepared by the council’s retained consultant Montagu Evans in consultation with council officers.