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Highcross Leicester Put Into Receivership

Leicester’s Highcross Shopping Centre has been placed into receivership it has been revealed.

Global property specialists Savills were appointed as receivers for the Highcross last month. The day-to-day running of the building, which contains over 100 stores, has been taken over by the company.

Leicester Time: Highcross Leicester Put Into Receivership
Picture: Highcross (Facebook)

The news follows multi-million pound losses at the centre, which is owned jointly by retail property company Hammerson and Asian investors, it has been revealed.

According to Savills, the company are “seeking opportunities to enhance the shopping centre.” They confirmed that the day-to-day running of the scheme and the management team will remain unchanged.

In a statement, Matthew Nagle, Savills director and Fixed Charge Reciever, said: “It remains very much business as usual at Highcross.

“Our role is to continue to improve the shopping experience for the public by enhancing the tenant mix and bringing more occupiers to the centre. The scheme will operate as usual and we will be working closely with the on-site team to not only ensure a smooth transition, but also to identify opportunities moving forward to augment the centre further.”

Highcross comprises 1,100,000 square feet of purpose built retail and leisure units including 3,000 car parking spaces, a 12-screen cinema and 150 retail, restaurant and leisure units.

The modern malls comprise of a range of retail giants including John Lewis, Apple and Zara.  The leisure and restaurant offering includes Cinema de Lux, Treetop Adventure Golf, Zizzi, Wagamama and Nando’s.