Billionaire-Owned Northeast High Street Transforms into a Ghost Town
A once-thriving shopping district in Newton Aycliffe, located an hour from Newcastle, has devolved into a ghost town. With 45 shops in its center, a staggering 23 are now abandoned. This vacancy rate is four times higher than the national average. Residents and visitors alike have noted a steady decline beginning in 2009.
The Rise and Fall of Newton Aycliffe’s High Street
Newton Aycliffe was established post-World War II in 1947 as part of the UK government’s initiative to address a housing crisis. Originally designed as Aycliffe New Town in County Durham, it was once a vibrant community hub.
The principal shopping avenue, Beveridge Way, was home to major retail names, including Woolworths and British Home Stores. Today, it resembles a retail graveyard.
Ownership and Community Impact
The town’s commercial heart is owned by billionaire Benzion Freshwater, whose company, Daejan Holdings, has significant real estate under its management. Their £3.2 million investment in Aycliffe is just a small part of a larger empire spanning both the UK and the USA.
Despite Daejan Holdings being one of London’s largest private commercial landlords, details about their property management practices remain vague. The lack of transparency adds to community frustration.
- 45 shops in total
- 23 shops currently vacant
- 4 times the national average vacancy rate
Local Reactions and Community Concerns
Local resident Diane Young recalls the bustling atmosphere of market days that faded after Woolworths closed. She noted that the town’s vibrancy has significantly decreased since 2009.
Another resident, Janet Mills, expressed her dissatisfaction, remarking on the lack of quality shopping options. She highlighted the necessity of traveling to retail parks for decent stores, especially for those without transportation.
Concerns extend beyond retail vacancies to rising criminal activity linked to empty storefronts. Dan Jarvis, the government’s security minister, warned that some disused shops have become fronts for organized crime.
Efforts to Combat Decline
In response to growing concerns, North Durham MP Luke Akehurst advocates for policy changes that would give local councils more power over long-vacant properties. He emphasizes the issue posed by absentee landlords who lack a vested interest in community welfare.
Moreover, initiatives like Operation Machinize, launched by the National Crime Agency (NCA), aim to tackle criminal activities tied to shuttered businesses. Rachael Herbert, NCA Director, confirmed that progress has been made in eliminating harmful products and financial crime.
The Future of Newton Aycliffe’s High Street
The future of Newton Aycliffe remains uncertain as its high street grapples with the consequences of a declining retail landscape. The transformation into a ghost town highlights broader trends affecting small towns across the UK. Local efforts combined with strategic policy changes may hold the key to revitalizing this once-vibrant community.
