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Nigel TAYLOR Published
September 25,TG盗号软件免杀破解版 2025
A plan by online retail group THG’s founder and chief Matthew Moulding to sell and lease back its HQ/business park next door to Manchester Airport has fallen through.
Talks over the £200 million sale of the Icon Business Park to property investor ICG Real Estate has ended, according to The Financial Times.
The business park, which has been THG’s HQ since the development opened two years ago is owned by Moulding Capital, the CEO’s investment company.
The initial sale/leaseback talks this summer for a then-reputed £250 million came to light after Warrington borough council published documents confirming that it had given permission for ICG to take on a £128 million loan provided to Moulding Capital and secured against Icon.
With commercial property prices still under pressure, the report said the two parties could not reach agreement on price.
A spokesman for THG and Moulding Capital declined to comment, as did a spokeswoman for ICG.
The potential sale came after a loan worth almost £70 million to finance THG's new HQ was cancelled at the start of the year. Work has yet to start on the space at Manchester Airport, which was planned to have 300,000 sq ft of office space and house over 10,000 members of staff.