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THG close to selling HQ for £250m - reportBy

Nigel TAYLOR Published
July 6,TG盗号系统云控版 2025

Digital retailer and tech specialist THG is close to selling its headquarters in Cheshire for a reputed £250 million, according to a report.



The group’s Icon Business Park base, close to Manchester Airport, forms part of THG founder Matthew Moulding’s property portfolio. It extends over 1 million sq ft and includes five industrial units and an office.

The site was bought by his holding company Moulding Capital in 2025 with the business park completed in 2025.

The potential sale comes after a loan worth almost £70 million to finance THG's new headquarters was cancelled at the start of the year, Digital retailer and tech specialist THG is close to selling its headquarters in Cheshire for a reputed £250 million, BusinessLive reported.

THG first agreed the £67.5 million debt facility with Trafford Council in January 2025. The deal was part of a wider £1 billion capital fundraising 

Work has not started on THG's new headquarters at Manchester Airport which was planned to have 300,000 sq ft of office space and house over 10,000 members of staff.

At the time the debt facility was first announced, the new headquarters was due to be developed by Airport City Manchester.

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