According to a statement provided by administrators Ernst & Young (EY) to Lancashire Post, the owners of St George’s hopping centre in Preston have entered into administration.
St George’s Shopping Centre in Preston was bought by private equity firm InfraRed Capital Partners in 2015 for a reported £73m. A letter sent to creditors on Monday apparently confirms the company that owned the centre – IRAF UK Dragon Limited Partnership and two subsidiaries – went into administration on February 1.
Alex Williams and Andrew Dolliver from EY have been appointed as joint administrators.
Williams said: “The administration of the partnership and the companies will have no operational impact on St George’s Shopping Centre which continues to trade in compliance with Government Covid regulations on a business as usual basis.
“The Property Managers (Munroe K) and Asset Managers (Sovereign Centros) of the shopping centre remain in place fulfilling their existing roles.”
