Place North West | Challenged developer High Street instigates 'fight back' measures
Sarah Townsend The company behind delayed projects including the £29m Middlewood Plaza in Salford and £49m Cheshire Junction in Warrington has launched a recovery plan including refinancing schemes and rewriting the terms of a seven-year investor loan note. High Street Group, which is based in Newcastle and headed by chief executive Gary Forrest, has written to investors proposing to delay their annual returns from investments made in the company in return for possible equity in future, Place North West has learned. Under the terms of an existing High Street financial instrument, investor...