Tue, 13 Mar 2012 | ADMINISTRATION
Market Gates Shopping Centre GY, the company behind Great Yarmouth’s main shopping centre, has entered administration, it has emerged.
The company, which was formerly known as Miller (Great Yarmouth), entered administration earlier in March. Neville Kahn, Robert Harding and Matthew Cowlishaw from Deloitte were appointed as joint administrators by parent company, The Miller Group Ltd.
The shopping centre will continue to trade as normal while the administrators assess the business’s current status and seek potential buyers and investors, according to a statement from Deloitte.
Mr Cowlishaw explained, “We will look to undertake a proactive asset management strategy over a period of time in order to make the development even more attractive to potential investors and occupiers before considering our options further.”
The centre is one of the oldest malls in the east of England, built in 1975, and has 40 stores trading from within the development. An £18.5 million refurbishment was carried out in December 2008 and plans for a second extension to the southern end of the centre was given the go-ahead last year.
It has been reported that the shopping centre was not included in a recent extensive restructuring of The Miller Group Ltd.
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
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.