Wed, 24 Nov 2010 | BUSINESS SALE
Manchester's Trafford Centre is on the verge of being sold by property giant Peel Group in a deal worth £750 million.
Peel Group is in 'advanced discussions' with Capital Shopping Centres Group (CSC) over the sale of the shopping centre, which has been valued at £1.6 billion.
CSC already has a portfolio of 13 shopping centres across the UK, including Gateshead's Metrocentre and Manchester Arndale.
The deal would also see 20 per cent of CSC being acquired by Peel Group, with Peel's chairman, John Whittaker, moving in to become CSC's deputy chairman.
Peel Group said, "The talks with CSC reflect Peel Group's long term, ongoing strategy to broaden its investments in many diverse sectors through partnerships and co-investment with complementary businesses.
"As part of this strategy, Peel aims to retain ongoing interests in its major assets, as illustrated by its successful partnerships with RREEF at Peel Ports, Vancouver Airport Services at Peel Airports, Covanta at Ince Park and most recently with SIS Live at Peel's MediaCityUK project."
The group went on to reassure all staff working at The Trafford Centre that 'it's very much business as usual.'
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a unique opportunity to acquire a company specialising in luxury performance cycle clothing, utilising the finest specialist fabrics and cutting-edge construction techniques.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
|
11
|
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
|
11
|
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
|
11
|
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
|
11
|
|
Jul
|
CubeMatch acquires professional services firm DVCP | BUSINESS SALE
Global change and transformation consultancy CubeMatch has c...
|
11
|
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
|
11
|
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.