The years after World War II, particularly from the 1960s onwards, brought many social and economic challenges. There was a steady decline in Leicester's traditional manufacturing industries, and in the city centre working factories and light industrial premises have now been almost entirely displaced by new businesses. Many of these factories, such as those on Frog Island and at Donisthorpe Mill, have been badly damaged by fire. The 1960s and 1970s saw the movement of passengers and freight by rail and barge eclipsed by the growth of road transport. The Great Central Railway and the Leicester and Swannington Railway both closed and the northward extension of the M1 motorway linked Leicester into a growing motorway network. By the 1990s Leicester's central position and its good road transport links to the rest of the country had given it a new strategic importance as a distribution centre and the south western boundaries of the city have attracted many new businesses in both service and manufacturing sectors.
Mass housebuilding continued across Leicester for some 30 years after 1945. Existing housing estates such as Braunstone were expanded, while several completely new estates – of both private and council tenure – were built. The last major development of this era was Beaumont Leys in the north of the city, which was developed in the 1970s as a mix of private and council housing. With the loss of much of the city's industry during the 1970s and 1980s, some of the old industrial jobs were replaced by new jobs in the service sector, particularly in retail. The opening of the Haymarket Shopping Centre in 1971 was followed by a number of new shopping centres in the city, including St Martin's Shopping Centre in 1984 and the Shire Shopping Centre in 1992. The Shires was subsequently expanded in September 2008 and rebranded as
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