Bank puts former Miller Group's Market Gates mall into administration
Market Gates Shopping Centre, formerly owned by Miller Group, in Great Yarmouth has gone into administration.
Matt Cowlishaw, Neville Kahn and Rob Harding of Deloitte have been appointed as joint administrators of Market Gates Shopping Centre GY Limited, a special purpose vehicle which controls the scheme and was not included within Miller Group’s recent restructuring.
The 231,000 sq ft Market Gates Shopping Centre is let to tenants including Debenhams, Boots, New Look and Wilkinson. It is asset managed by Centenary Asset Management.
Matt Cowlishaw, partner in the restructuring services practice at Deloitte, said: “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.”