Stockport shopping centre placed into administration

Michael Hunt

Stockport's Merseyway shopping centre has been placed into receivership by the lending bank.

The shopping centre is owned by Stockport Holdings, a subsidiary of property investor Simon Halabi.

GVA Grimley was appointed Law of Property Act receiver on 6 February this year by lender Bradford & Bingley.

GVA Grimley will manage the property on behalf of the bank.

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