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|---|---|---|---|
25 years old and still Britain's biggest shopping centre. It is hard | :00:16. | :00:21. | |
to believe, but this a retail goldmine grew out of a filthy swamp | :00:21. | :00:31. | |
| :00:31. | :00:41. | ||
Tonight and will tell you the real story behind the Gateshead | :00:41. | :00:44. | |
MetroCentre. I put a big sign on the world, it | :00:44. | :00:48. | |
is all happening in Gateshead. It changed the face of British | :00:48. | :00:52. | |
shopping. The North East was involved in the | :00:52. | :00:55. | |
industrial revolution. 100 years later we are involved in the retail | :00:56. | :01:05. | |
| :01:06. | :01:07. | ||
The malls are still paved with gold, but has Sir John's dream of a house | :01:07. | :01:11. | |
of fun died. We are sad about it closing, and I | :01:11. | :01:14. | |
am sad I will never be able to bring my children here. | :01:14. | :01:19. | |
A correct, and inside out special. One man, one field and a gamble | :01:19. | :01:29. | |
| :01:29. | :01:51. | ||
that changed the way we shop. -- I started when it was basically | :01:51. | :01:56. | |
being built. They were doing a Santa's grotto, and I just applied | :01:56. | :02:00. | |
to be one of the photographers for the Santa Clause, like Santa's | :02:00. | :02:07. | |
little helpers. Personally I love it. It is like a second home which | :02:07. | :02:11. | |
is here all the time. Linda went from Santa's little | :02:11. | :02:15. | |
helpers to hear dressing. She then sold the Jubilee and now runs two | :02:15. | :02:20. | |
shops with her business partner -- business partner, Wendy. | :02:20. | :02:25. | |
I was 16, YTS, and it started from there. I fell pregnant at 20. I | :02:25. | :02:29. | |
needed to earn a living and had my daughter, she is almost 18, and she | :02:29. | :02:36. | |
has never known anything other than her mum working for the MetroCentre. | :02:36. | :02:39. | |
Shopping here, working here, everything. | :02:39. | :02:43. | |
It is good to say you have an shop in the biggest shopping centre in | :02:44. | :02:53. | |
the world. -- you have a shop. Linda and Wendy's stories are just | :02:53. | :02:57. | |
two from the MetroCentre, and when you look at the numbers they are | :02:57. | :03:02. | |
standing. 7,000 people work here, 23 million visit every year, and at | :03:02. | :03:08. | |
the 25 years it has been open more than 500,000 shoppers -- 500 | :03:08. | :03:12. | |
million shoppers have been here since it opened, the equivalent of | :03:12. | :03:18. | |
ten times the UK population. One man has been a fraud more -- | :03:18. | :03:28. | |
benefited more than any other from MetroCentre. Sir John Hall has been | :03:28. | :03:33. | |
one of the was to be Mrs -- famous faces of the North East but illness | :03:33. | :03:37. | |
has forced him to step back from the spotlight. He agreed to tell me | :03:37. | :03:43. | |
the story of the innovation that changed the face of British relate | :03:43. | :03:47. | |
-- retailing that catapulted him to be a multi-millionaire. | :03:47. | :03:52. | |
I left school and could not find a job. I got a job as a mining | :03:52. | :03:57. | |
surveyor for the Coal Board. They took me into service estates so I | :03:57. | :04:01. | |
learned about property. I joined an estate agents in some bond and set | :04:01. | :04:05. | |
up my own property company and became an entrepreneur. I gradually | :04:05. | :04:09. | |
built up a business building supermarkets and making the money, | :04:09. | :04:12. | |
reinvesting it, a small family business, and building it until I | :04:13. | :04:18. | |
had the idea for the MetroCentre. Where did that idea come from? You | :04:18. | :04:21. | |
do not wake up and think you're going to build one of the largest | :04:21. | :04:26. | |
shopping centres in Europe. Northumberland Street is one of the | :04:26. | :04:31. | |
best streets in the UK for shopping outside London. But walking up at | :04:31. | :04:36. | |
St in my youth when it was raining or snowing was not plan it -- | :04:36. | :04:39. | |
pleasant. Saw, he saw an opportunity but | :04:40. | :04:44. | |
needed a big idea. -- so, he saw an opportunity. | :04:44. | :04:49. | |
If you're going to think big, why not learn from the best. No one | :04:49. | :04:56. | |
does big quite like America. My wife and I have relatives in the | :04:56. | :05:00. | |
States. We used to go over and see them and looking around I saw all | :05:00. | :05:05. | |
the American malls. I thought it was a great idea. A loved a lot of | :05:05. | :05:08. | |
the designs in America and I thought it would work well in the | :05:08. | :05:18. | |
| :05:18. | :05:23. | ||
North of England and people would We measured 54 Shopping malls in | :05:23. | :05:28. | |
Canada and America, measuring them, looking at the toilets. | :05:28. | :05:33. | |
I have great visions of you and your wife looking very suspicious. | :05:33. | :05:39. | |
My wife held at one end of the tape. The width of the mall was 30 metres, | :05:39. | :05:45. | |
that was the right width. Finally, he found what he was | :05:45. | :05:50. | |
looking for. His holy grail. I thought that -- I saw the | :05:50. | :05:53. | |
Woodbine Centre around Toronto and dived like to the concept and | :05:53. | :05:58. | |
finishes, so that was the sort of European centre I wanted. It he did | :05:58. | :06:03. | |
not know better, you could easily mistake this Canadian mall for the | :06:04. | :06:05. | |
MetroCentre. All the details are incredibly | :06:05. | :06:10. | |
similar. I do not think Sir John and his wife were measuring up - | :06:10. | :06:15. | |
they may as well have broken into the safe and pinched the blueprints. | :06:15. | :06:18. | |
For I would not say steel, that is too strong a word. I think he | :06:19. | :06:24. | |
learned from it. I fight he took the best of the best, the ideas | :06:24. | :06:29. | |
that work, like the Centre Court here. Every mall wanted a Centre | :06:29. | :06:32. | |
Court where they could have schools perform or whatever else that we | :06:33. | :06:39. | |
did feel like not just about retail. But totally modern, this will lift | :06:39. | :06:43. | |
goes down into a water feature, that is Gateshead. | :06:43. | :06:48. | |
That is absolutely Gateshead. Gateshead's is probably a little | :06:48. | :06:51. | |
newer than that one. If it may look a little dated now, | :06:51. | :06:54. | |
but when Sir John came here this was the cutting edge of retail. | :06:54. | :06:58. | |
There was nothing of its type back home. | :06:58. | :07:02. | |
I did spot the similarities when I first came to Canada from | :07:02. | :07:06. | |
Hartlepool. I went to the Woodbine Centre with my little boy, and it | :07:06. | :07:13. | |
thought -- I thought I had been here before. | :07:13. | :07:18. | |
The which do you prefer, the Canadian one or the MetroCentre? | :07:18. | :07:25. | |
I prefer the MetroCentre. This is from the Woodbine Centre. | :07:25. | :07:29. | |
The ceiling, the skylights, they may have changed, but it is | :07:29. | :07:34. | |
basically the same. There is nothing new that has been built. | :07:34. | :07:38. | |
Only things are reinvented, and I reinvented it from America at the | :07:38. | :07:43. | |
right time, right place, right time. Having got his hands on the right | :07:43. | :07:47. | |
formula, Sir John now needed others to buy in. There were major hurdles | :07:47. | :07:52. | |
in the way. What I did not realise when I would | :07:52. | :07:54. | |
around trying to get local authorities to let me have a | :07:54. | :07:59. | |
shopping centre on the edge of town, at that time lost -- most of the | :07:59. | :08:03. | |
local authorities were partners with the developer and the city | :08:03. | :08:08. | |
centres. Newcastle Corporation's had a share in the central shopping | :08:08. | :08:13. | |
centre. They did not want to see me as a competitor. Going around the | :08:13. | :08:16. | |
northern part of the country and could not get anyone to consider me. | :08:16. | :08:22. | |
But, salvation was at hand. Where there is doubt, may we bring | :08:22. | :08:26. | |
faith. Where there is despair, may we bring hope. | :08:26. | :08:31. | |
When Mrs Thatcher, as she was then, became Prime Minister, she greeted | :08:31. | :08:36. | |
Enterprise Zone Scott and nobody knew what Enterprise Zones where. | :08:36. | :08:41. | |
Freedom from planning, 100 % capital allowances and freedom from | :08:41. | :08:48. | |
rates for a period. It was a terribly waterlogged site, we | :08:48. | :08:51. | |
submitted our proposals to the Government. I went to see the | :08:51. | :08:55. | |
borders, the Central Electricity Board, and I got options from them. | :08:55. | :09:01. | |
They thought I was crazy. You had to see the site. When we first put | :09:01. | :09:05. | |
our machines on, the land was so waterlogged we lost two bigger | :09:05. | :09:10. | |
machines, the site into the ground. Let's see what I paid for it... | :09:10. | :09:17. | |
750,000. But just for �750,000. Three-quarters of a million for a | :09:17. | :09:20. | |
bit of dodgy, not very pleasant land. | :09:20. | :09:24. | |
It was worthless, really. Did you not lose sleep when you | :09:24. | :09:28. | |
signed that? It is no good going into something | :09:28. | :09:33. | |
of worrying about it afterwards. You have been made it happen. When | :09:33. | :09:36. | |
you are committed to it, you have the dream come and have got the | :09:36. | :09:41. | |
land and planning, I am now going to make it happen. You have got to | :09:41. | :09:45. | |
be that entrepreneur, you have to have that doggedness, get things | :09:45. | :09:50. | |
around the neck and worry them to death. This was the first deal and | :09:50. | :09:55. | |
that is the land. But everyone was as keen on Sir | :09:55. | :09:59. | |
John's grand plans. We were very concerned. Enterprise | :09:59. | :10:02. | |
Zones were to create jobs for Zones were to create jobs for | :10:02. | :10:04. | |
manufacturing, but at the biggest developments were out of town | :10:04. | :10:06. | |
shopping, and that had a significant impact over the years | :10:06. | :10:12. | |
on the high street. What is this not just sour grapes | :10:12. | :10:15. | |
over new competition? And not at all. | :10:15. | :10:18. | |
Nowadays there is real concern over the high street, and this was the | :10:18. | :10:28. | |
Undeterred, Sir John set about getting others on board and put his | :10:28. | :10:31. | |
plans on display at this Gateshead hotel. | :10:31. | :10:38. | |
I learnt to become a publicist and I put a big sign saying, it is all | :10:38. | :10:41. | |
happening in Gateshead. I learned quickly, if you have got something | :10:41. | :10:46. | |
to sell you have to tell the world. You had to put ashore on, so I put | :10:46. | :10:51. | |
all the drawings I had around here. There was a hubbub in the room and | :10:51. | :10:57. | |
I said, what is going on, don't you will? | :10:57. | :11:02. | |
There was one retail icon and there and if you got its blessing the | :11:02. | :11:05. | |
rest would follow. He the came to see me and said they were from | :11:05. | :11:11. | |
Marks & Spencer, and they would be interested to talk to me about | :11:11. | :11:16. | |
becoming part of the MetroCentre. The did you have to remain calm? | :11:16. | :11:22. | |
You keep your cool, you will. It is like God came in, God and Marks & | :11:22. | :11:30. | |
Spencer are on retailing terms. Marks & Spencer made their decision | :11:30. | :11:33. | |
to come out of town. They have chosen the MetroCentre | :11:33. | :11:39. | |
for the first one. We saw it as an opportunity to put | :11:39. | :11:42. | |
down our largest single floor show ever at crucial days new goods and | :11:42. | :11:47. | |
services. It was the first store to have a cafe. It had a different | :11:47. | :11:50. | |
range of merchandise and a new food its scheme. We learnt lots of | :11:50. | :11:54. | |
lessons. I got a call to say that the board | :11:54. | :11:58. | |
of Marks & Spencer would like to come and meet us. Here we are in | :11:58. | :12:03. | |
our house. My wife said, what will I do!? It meant she would have to | :12:03. | :12:09. | |
make lunch. She panicked, what will they eat? What do I have to make? | :12:09. | :12:13. | |
She is a very good cook. Quarter the Marks & Spencer food | :12:13. | :12:17. | |
hall, perhaps? He I did, actually! I said, to be | :12:17. | :12:21. | |
saved, you go to Marks & Spencer and buy all their food and put it | :12:21. | :12:25. | |
all out, and they will not be able to complain about their own food. | :12:25. | :12:31. | |
That is what happened! Soul, Sir John had landed the big | :12:31. | :12:35. | |
prize, what is known as an anchor tenant. Other big names were | :12:35. | :12:38. | |
clamouring to come on board, but they were choosy about who else | :12:38. | :12:44. | |
would be there. I was great friends with the North | :12:44. | :12:47. | |
Eastern Co-op, very good friends, and I promised them a hypermarket | :12:47. | :12:53. | |
and started designing it. When I did the sale it was said to me, in | :12:53. | :13:00. | |
a nice way, that they would hesitate to come in, some of the | :13:00. | :13:05. | |
major retailers, if I had them as a tenant. They considered them not a | :13:05. | :13:08. | |
strong enough covenant and the third lane. | :13:08. | :13:11. | |
What did you tell them if you had already promised them? | :13:11. | :13:15. | |
I agonised over what I had to do, but that was a business this | :13:15. | :13:19. | |
Russian I had to make. I went down to see them and said, I am sorry | :13:19. | :13:25. | |
but I am well -- but I have no choice but to withdraw the offer. | :13:25. | :13:28. | |
That was one of the hardest things I have had to do. | :13:28. | :13:33. | |
Sir John was the owner role, but he needed to pinch another big idea | :13:33. | :13:43. | |
| :13:43. | :13:45. | ||
from a cross the Atlantic. -- from Bizarrely, the retail revolution we | :13:45. | :13:52. | |
were about to witness had nothing to do with shopping at all. This | :13:52. | :13:57. | |
was not about shop till you drop, it was all about having fun. | :13:57. | :14:04. | |
Sir John's next idea came from the small at West Edmonton in Canada. A | :14:04. | :14:11. | |
blend of shopping and leisure. I thought that while the mother is | :14:11. | :14:14. | |
shopping that the father would go with the kids to the leisure park. | :14:14. | :14:18. | |
There were water features and rides, much bigger than we could sustain | :14:18. | :14:24. | |
here, but I took the idea from that -- for that from the Edmonton | :14:24. | :14:26. | |
-- for that from the Edmonton Centre and brought it to England. | :14:26. | :14:29. | |
We are not a shopping centre, we We are not a shopping centre, we | :14:29. | :14:32. | |
are an entertainment destiny son. We are the number one tourist | :14:32. | :14:35. | |
destination in Alberta, and the attractions we are offering are | :14:35. | :14:41. | |
great. We came here for a seven at -- on a | :14:41. | :14:46. | |
seven-hour drive and we came here to entertain our kids. | :14:46. | :14:50. | |
The kids like to go to the water park. The mum likes the shopping, | :14:50. | :14:55. | |
the kids like the attractions. It redefined the shopping and | :14:56. | :14:59. | |
entertainment industry. A lot of shopping centres now have emulated | :14:59. | :15:04. | |
what we have built here. West Edmonton was the first, and we | :15:04. | :15:09. | |
knew it worked and we knew it was successful, because the goal was to | :15:09. | :15:14. | |
bring more people, make them stay longer, make them travel further | :15:14. | :15:19. | |
and spend more money. Would it work in England? Nobody knew. All the | :15:19. | :15:23. | |
signs said it should and it should work in a place like Gateshead | :15:23. | :15:29. | |
because it had many of the similar pieces that helped Edmonton to get | :15:29. | :15:39. | |
| :15:39. | :15:55. | ||
Maybe some of the entertainment in West Edmonton was better left the | :15:55. | :16:01. | |
other side of the Atlantic. Word was now out that the MetroCentre | :16:01. | :16:08. | |
was to be more than just a shopping park. I got a call from someone who | :16:08. | :16:13. | |
ran my secretary, he wanted to speak to me about the cinema. He | :16:13. | :16:20. | |
said he wanted to bring her multi- screen cinema into the Metro Centre. | :16:20. | :16:28. | |
He wanted to expand in Britain. He wanted to come into it with the 12 | :16:28. | :16:37. | |
screen cinema. I said be my guest. Once again, Sir John found himself | :16:37. | :16:42. | |
breaking new ground. With the plans in place, it was time to start | :16:42. | :16:50. | |
building. We had everybody working on site. I said you can't do your | :16:50. | :16:54. | |
scheme from the offices in Newcastle. The scheme started off | :16:54. | :17:00. | |
at about 10 million, went to 20 million, 100 million, ended up at | :17:00. | :17:08. | |
200 million. He couldn't sourced the finance for it. A major charity | :17:08. | :17:11. | |
were looking to increase their property investment at the time, | :17:12. | :17:16. | |
heard about the opportunity and saw it as a great opportunity to invest | :17:16. | :17:20. | |
in this sector, hence went to see Sir John to offer some financial | :17:21. | :17:28. | |
help. God came the second time, Marks & | :17:28. | :17:35. | |
Spencer the first time. Even with God on the side of the MetroCentre, | :17:35. | :17:39. | |
controversially in the eyes of the then Bishop of Durham who described | :17:39. | :17:43. | |
it as a temple to mammon, earthly opposition continued from across | :17:43. | :17:49. | |
the Tyne. We were concerned and tried to mitigate the damage. We | :17:49. | :17:59. | |
| :17:59. | :17:59. | ||
could not prevent the scheme, but did our best to stop it from | :17:59. | :18:04. | |
suffering. We went to the manager of the John Louis store to try to | :18:04. | :18:11. | |
persuade them not to move across the river, at the very least that | :18:11. | :18:17. | |
would have been a disaster. others, the MetroCentre was an | :18:17. | :18:20. | |
opportunity of work at a time when unemployment levels were the | :18:20. | :18:23. | |
unemployment levels were the highest in the country. I used to | :18:23. | :18:28. | |
walk this same walk, came through the field. Have a look across, see | :18:28. | :18:33. | |
what was happening, wondering what they would do there. I watched the | :18:33. | :18:39. | |
development grow. I was taking jobs a couple of weeks here, a couple of | :18:39. | :18:43. | |
weeks there. I saw a job for a cleaner, I thought it would only | :18:43. | :18:49. | |
last eight weeks. Colin is now head of fire safety at the MetroCentre. | :18:49. | :18:56. | |
I honestly thought it would be white element. Here we are, 25 | :18:56. | :19:01. | |
years later I am still here. A bit further up the food chain, but | :19:01. | :19:07. | |
still here. After months of work, not to mention proving the | :19:07. | :19:11. | |
contractors wrong, the MetroCentre was ready to open its doors. The | :19:11. | :19:17. | |
big day was not without last-minute jitters. We were all in the centre | :19:17. | :19:25. | |
cleaning up. At 2 o'clock in the morning, I said that's it, no more. | :19:25. | :19:30. | |
I bought 250 bottles of champagne for the workers. They descended | :19:30. | :19:37. | |
like locusts! They were as happy as we were for the centre. He I | :19:37. | :19:47. | |
| :19:47. | :19:49. | ||
We started the Industrial Revolution, and now we start the | :19:49. | :19:54. | |
retail revolution in Gateshead. first day we opened, nobody came in. | :19:54. | :20:00. | |
I thought my goodness, what is happening? One of my staff took me | :20:00. | :20:05. | |
to the window in the House of Fraser, there was 13 mile traffic | :20:06. | :20:12. | |
jam down the motorway and nobody could get in! I have no fears about | :20:12. | :20:18. | |
people coming after that. Fuelled by increased car ownership, people | :20:18. | :20:28. | |
| :20:28. | :20:29. | ||
came from far and wide to sample Gateshead's new shopping experience. | :20:29. | :20:35. | |
Beautiful, it is really lovely. I am really impressed. To think it is | :20:35. | :20:40. | |
in the north-east! There are plenty of good shops about. We just need | :20:40. | :20:48. | |
plenty of money to spend now! have got this, it is magnificent. | :20:48. | :20:51. | |
The MetroCentre has been fundamental to a change in UK | :20:51. | :20:56. | |
retailing. I could point to a number of centres that have | :20:56. | :21:02. | |
followed on since then. We have changed the way we shop in the UK | :21:02. | :21:07. | |
from being purely about high-street to these destinations. It really | :21:07. | :21:11. | |
put the north-east on the map in terms of being a retail destination, | :21:11. | :21:17. | |
in particular a fashion destination. I think the MetroCentre was the | :21:17. | :21:22. | |
first of its type in the UK and changed retail in the UK forever. | :21:22. | :21:32. | |
| :21:32. | :21:34. | ||
The 1995, Bought the MetroCentre for �364 million. It is currently | :21:34. | :21:39. | |
valued at a billion. Successful beyond even Sir John's ambition, | :21:39. | :21:49. | |
| :21:49. | :21:50. | ||
but has it stayed true to his vision? The site will be home to a | :21:50. | :21:59. | |
new cinema, shops and leisure... Once this goes, it is finished. Now | :21:59. | :22:05. | |
it is going, it is really sad. are sad about Metro land closing | :22:05. | :22:10. | |
and I am sad I can't bring my children here. Even though a | :22:10. | :22:15. | |
million people visited the indoor form For each year, it closed in | :22:15. | :22:24. | |
2008, making way for an new cinema complex. We received 2500 responses | :22:24. | :22:29. | |
to the campaign, but it did not go to plant in the end. But we put up | :22:29. | :22:38. | |
a good fide. I think the Almighty dollars won. It is too valuable a | :22:38. | :22:44. | |
piece of property not to get more returned from what is there. If all | :22:44. | :22:48. | |
the original people were still involved, it would have been saved | :22:48. | :22:52. | |
because it meant a lot a lot of people. It meant a lot of the | :22:52. | :22:58. | |
people who developed it and so the people of Gateshead. We kept it, | :22:59. | :23:04. | |
but as the cost against the centre because I felt it was necessary. | :23:04. | :23:10. | |
You can have too many shops, and I felt the leisure park was great. | :23:10. | :23:14. | |
Here in West Edmonton, the leisure attractions are still thriving, so | :23:14. | :23:19. | |
how is it they have kept faith with the original concept - shopping and | :23:19. | :23:26. | |
fun? We continue to make sure everything is fresh and new. Every | :23:26. | :23:33. | |
year, we are always adding either end you ride, or a new component. | :23:33. | :23:39. | |
This year we have introduced ropes quest. Last year, you would have | :23:39. | :23:43. | |
been experiencing something new to this year. So you will never | :23:43. | :23:48. | |
abandon the leisure side of things here? Absolutely not. It is what | :23:48. | :23:57. | |
defines us. It makes us unique. People's needs change, and we felt | :23:57. | :24:01. | |
we needed to go along with those desires, and we think we | :24:01. | :24:05. | |
transformed the leisure part of MetroCentre dramatically at that | :24:05. | :24:10. | |
time, bringing the cinema to the centre. I think we went through | :24:10. | :24:17. | |
some pain and some people will be still mourning the loss of the old | :24:17. | :24:27. | |
| :24:27. | :24:28. | ||
Metro land, but we think we got it right. When I sold the centre, I | :24:28. | :24:33. | |
reserved the right to park at any time I wanted to to park in the | :24:33. | :24:38. | |
staff car-park. Generally I just press the button when I get in. | :24:38. | :24:48. | |
| :24:48. | :24:54. | ||
Let's try it out today. Morning, it is Sir John. Your name still counts | :24:54. | :24:59. | |
for something around here! Now I have just got to find a parking | :24:59. | :25:09. | |
| :25:09. | :25:10. | ||
spot. So what does Sir John think of his baby now it is all grown up? | :25:10. | :25:15. | |
You changed it in here because we had a recess in here. We changed it | :25:15. | :25:19. | |
because people would not crossover because they have to go down. | :25:19. | :25:25. | |
was meant to be a resting place. But that's fine. | :25:25. | :25:30. | |
My wife goes quite regularly. It might have new owners but it will | :25:30. | :25:37. | |
always be my shopping centre. I have mixed feelings. It makes it a | :25:37. | :25:41. | |
bit brighter. More contemporary. You have got to change with the | :25:41. | :25:46. | |
Times, you can't stand still. Seeing it as it is today, still | :25:46. | :25:51. | |
well managed, still popular as ever, I feel very proud of what we have | :25:51. | :25:58. | |
achieved. Basically I was the concept man, but as a team effort | :25:58. | :26:03. | |
everywhere has its ups and downs. Have cost 25 years down the line, I | :26:03. | :26:09. | |
am still happy to be here. If you speak to anybody, anywhere in the | :26:09. | :26:14. | |
country, you say you are from Newcastle aren't they always know | :26:14. | :26:18. | |
about the MetroCentre. I have grown up here, it has been my life. It | :26:18. | :26:22. | |
has been a good living for me. I would not like to work anywhere | :26:22. | :26:28. | |
else. I am confident there is at least another 25 years in | :26:28. | :26:34. | |
MetroCentre, at least another 50 years and then some. Please never | :26:34. | :26:40. | |
take away the seats. As you get older, the ageing population and | :26:40. | :26:45. | |
disabled people, you have got to sit down somewhere. Those centres | :26:45. | :26:49. | |
with no seats, they are wrong. You have got to make it comfortable. | :26:50. | :26:55. | |
You will never take it away from me. You can see we don't want to. | :26:55. | :27:03. | |
Absolutely. It has just grown up. In all honesty, haven't you made a | :27:03. | :27:09. | |
massive mistake? Shouldn't you have kept it? I have often thought about | :27:09. | :27:15. | |
that over the years. I made my decision to sell-out. It is worth a | :27:15. | :27:23. | |
billion today. At the time it was quite unknown. It got to the size | :27:24. | :27:29. | |
it is, and my company was in many ways too small to handle it. We | :27:29. | :27:33. | |
would still have needed a massive injection of capital. But I made | :27:34. | :27:39. | |
that decision at the time to move on and I have no regrets. You can't | :27:39. | :27:43. | |
have any regrets. You have got to say to yourself you make that | :27:43. | :27:48. | |
decision and you love with it. I am quite happy with what I did, but | :27:48. | :27:58. | |
there is always that feeling - a billion-pound investment - wow! | :27:58. | :28:04. | |
decision has paid off. A roof over our heads as we spend is now taken | :28:04. | :28:09. | |
for granted. The MetroCentre also put the north-east on the map, | :28:09. | :28:15. | |
providing a retail blueprint that others followed. This place will be | :28:15. | :28:20. | |
here for the next 20 years, I am certain of that, and long after I | :28:20. | :28:27. | |
have gone. I have had my time. I will carry that sense of pride with | :28:27. | :28:33. | |
me, aren't I will just basically say well done to the people of the | :28:33. | :28:37. | |
north-east and thanks for supporting it all these years. | :28:37. | :28:44. | |
Still the biggest in Europe I think. Well done to this man. There is a | :28:44. | :28:49. | |
lot more to come, even more. I was sceptical at first when they first | :28:49. | :28:54. | |
opened it 25 years ago but it has taken off tremendously. Free | :28:54. | :28:58. | |
parking, people undercover, they can spend all day there instead of | :28:58. | :29:05. | |
eating at home. I think it is great, spot-on, a good place to shop. | :29:05. | :29:14. |