fbpx
intu Trafford Centre to go up for auction, The Manc

intu Trafford Centre to go up for auction

The shopping centre’s owner, intu, went into administration earlier this summer – raising concerns as to whether one of Manchester’s major attractions would be able to survive.
intu Trafford Centre to go up for auction, The Manc

The Trafford Centre is set to go up for auction, according to the latest reports published by Sky News.

ADVERTISEMENT

The shopping centre’s owner, intu, went into administration earlier this summer – raising concerns as to whether one of Manchester’s major attractions would be able to survive.

However, this latest news is cause for optimism – with the auction held in the hope of finding a new buyer.

intu Trafford Centre to go up for auction, The Manc

Speaking to Sky News, a spokesperson for administrators said: “All parties are working constructively together to maximise value for this highly attractive asset.”

ADVERTISEMENT

Whilst being valued most recently at £1.7bn, reports suggest that Trafford Centre may be sold for 20% less.

At the time of entering administration, intu employed around 3,000 people – with a further 100,000 working in its shopping centres.

Total
43
Shares
Related Posts
Government confirms date that people can expect furlough money, The Manc
Read More

Government confirms date that people can expect furlough money

[siteorigin_widget class=”SiteOrigin_Widget_PanelImage_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_PanelText_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_PanelImage_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_PanelText_Widget”][/siteorigin_widget]
Quarantined 5-year-old just wants people to send her photos of their dogs for her birthday, The Manc
Read More

Quarantined 5-year-old just wants people to send her photos of their dogs for her birthday

[siteorigin_widget class=”SiteOrigin_Widget_PanelImage_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_PanelText_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_PanelText_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_PanelText_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_PanelText_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_PanelText_Widget”][/siteorigin_widget]