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Page 12 - வெஸ்ட்ஃபீல்ட் ஸ்ட்ராட்போர்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Canadian pension fund takes control of Trafford Centre

BBC News Published image captionCPPIB said despite challenging retail conditons, the centre still had strong prospects A pension fund has taken control of the Trafford Centre after administrators received no viable bids for it. Canada Pension Plan Investment Board (CPPIB), a key lender to IP, has taken ownership as the principal creditor. CPPIB s Geoff Souter said despite challenging retail conditons, the centre still had strong prospects . The Canadian fund had provided IP with a £250m lending facility for its Trafford Centre subsidiary prior to its insolvency during the first coronavirus lockdown. A spokesman said after no viable bids were received for the Greater Manchester centre, CPPIB had exercised its rights to take ownership.

Trafford Centre bought by Canadian property investor

Trafford Centre bought by Canadian property investor CPPIB, headquartered in Toronto, has taken control of the shopping centre Updated Don t miss a thing by getting the latest from the Manchester Evening News sent direct to your inboxInvalid EmailSomething went wrong, please try again later. Click here When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice

Investegate |Ocean Outdoor Ltd Announcements | Ocean Outdoor Ltd: Changes to the Board of Directors

  Ocean Outdoor operates some of the most prestigious digital out-of-home (DOOH) locations in the UK, Northern and Continental Europe. The Group portfolio includes 4,000 screens in seven countries and 270 cities.   In the UK, Ocean operates the most iconic DOOH locations including the BFI IMAX; the Landsec Piccadilly Lights; and has a significant presence in the top 13 UK cities. Ocean s high-profile landlords and partners include Birmingham, Manchester, Glasgow and Southampton City Councils, Landsec, Unibail-Rodamco-Westfield, the BFI and Intu. A continued focus on Ocean s Digital Cities for Digital Citizens philosophy has significantly augmented the Group s position as an operator of high quality DOOH assets. Ocean continues to deliver good organic development through new City tender wins, the rollout of new locations in Scotland, London, the West Midlands and Manchester and significant screen investment.

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