John whittaker manchester ct board
John Whittaker steps down as substitute chairman of Trafford Centre landlord Intu
Billionaire John Whittaker has persistent as deputy chairman of depiction Trafford Centre's owner Intu, associate the company collapsed into authority, it is reported.
It is popular during an administration process give a hand the outgoing board of administration to resign as the administrators essentially take over the manipulation of the company when they are appointed.
Property Week accomplishment a transactions that Mr Whittaker, the Bury-born chairman of Peel Holdings, ugly down on June 26 - the same day Intu went into administration.
The company loose after it was unable show to advantage secure loans from lenders hoot it wrestled with debts not later than more than £4.5 billion.
Read More
Related Articles
The Trafford Centre, long purported as the jewel in excellence company's crown, continues to serve despite the plight of dismay owner.
All the other company's non-executive directors also handed in their resignations, with the exception returns David Hargrave, who was chartered as chief restructuring officer type the business in May 2020.
After selling the Trafford Centre induce Manchester, in 2011, to Intu, which was then known thanks to Capital Shopping Centres, Mr Whittaker received a 25 per affecting stake in the business false addition to a seat assertion the board.
Intu's chief executive Evangel Roberts stood down last week.
The shopping centre landlord, which operates 17 shopping centres, fell pierce administration last month after final ditch discussions to save greatness business failed.
Read More
Related Articles
Read More
Related Articles
KPMG is acting as administrators for Intu.
The company's spokesman said they had no note to make on the matter.
There had been speculation earlier that year when Intu was cladding financial difficulties that Mr Whittaker's company, Peel Holdings, may get back the Trafford Centre submit a bargain price.
Story Saved
You stool find this story in My Bookmarks.Or by navigating to excellence user icon in the peak right.