(21 Oct 2020, 10:45 am)cbma06 wrote Since Eldon Square has been purchased , but Metrocentre hasn’t been purchased by any buyers as of yet, I wonder what will happen to the site complex if there’s no buyers?
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(26 Oct 2020, 8:23 am)cbma06 wrote Leading shopping centre operators, Sovereign Centros, will today take over the running of Intu’s largest asset, the Metrocentre in Gateshead, heralding a new era for the premier North-East retail and leisure destination.
https://www.thenorthernecho.co.uk/busine...cmZW5kMREw
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Both of them are still owned by intu btw. It's just a new management company running them on behalf of the bondholders who have taken control of their assets since intu collapsed. Until the bondholders sell them then they will be still owned by intu but they don't want too currently as the value is low so they'd lose money. It's a right mess how intu is setup when you look into it. The Metro Centre is by itself and Eldon Square is part of intu debenture which is lumped with Braehead, The Potteries and Bridesmith Gate and that's why they've gone their seperate way.
Sovereign's biggest centre is St Enoch which has a Hamleys which is probably how the Metro Centre has got one all of a sudden. The only thing they run up here is The Arnison at Durham.
Only the Trafford Centre is being sold.
Some totally useless information but hey ho haha.