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The 15 major North West commercial property deals you should not miss

The 15 major North West commercial property deals you should not miss
business-live.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-live.co.uk Daily Mail and Mail on Sunday newspapers.

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Blackburn's Adhan Group buys Preston's main shopping centre

Blackburn's Adhan Group buys Preston's main shopping centre
lancashiretelegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lancashiretelegraph.co.uk Daily Mail and Mail on Sunday newspapers.

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Major Lancashire shopping centre enters into administration


Major Lancashire shopping centre enters into administration
A major Lancashire shopping centre has fallen into administration.
On February 1, Alexander Williams and Andrew Dolliver of Ernst and Young LLP were appointed as joint administrators of St George s Shopping Centre, in Preston.
A letter to creditors, dated February 15, confirmed the owners of the shopping centre, Infrared Capital Partners/IRAF UK Dragon Ltd, had entered into administration.
The letter stated: The Property Managers (Munroe K) and Asset Managers (Sovereign Centros) of the Shopping Centre remain in place fulfilling their existing roles.
It is the joint administrators’ intention to continue to trade the property whilst the entities are in administration. ....

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