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Intu
Intu Properties plc was a British real estate investment trust (REIT), largely focused on shopping centre management and development. Originally named Transatlantic Insurance Holdings plc and later Liberty International plc, it changed its name in May 2010 to Capital Shopping Centres Group plc after demerging its Capital & Counties Properties business unit to form an independent business. The company adopted the Intu name on 18 February 2013, and this was followed by the rebranding of most of its shopping centres under the Intu title from May 2013. The company's shares were listed on the London and Johannesburg stock exchanges until it entered administration in June 2020. The company owned or part-owned 17 shopping centres in the UK and one in Spain prior to entering administration. History The company was established by Sir Donald Gordon in 1980 under the name Transatlantic Insurance Holdings plc as an offshoot of Liberty Life Association of Africa, a business he had founded ...
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Trafford Centre
The Trafford Centre is a large indoor shopping centre and entertainment complex in Trafford Park, Greater Manchester, England. It opened in 1998 and is third largest in the United Kingdom by retail space. Originally developed by the Peel Group, the Trafford Centre was sold to Capital Shopping Centres, later to become Intu, in 2011 for £1.65 billion; it set a record as the costliest single property sale in British history. The battle to obtain permission to build the centre was amongst the longest and most expensive in United Kingdom planning history. , the Trafford Centre had Europe's largest food court and the UK's busiest cinema. History Geness In 1922 the Manchester Ship Canal company purchased 2,000 acres of the former de Trafford family estate intending to develop it for industrial uses expanding the existing Trafford Park estate. One 300 acre parcel of land would remain undeveloped as Trafford Park's industry began to decline from the 1960's onwards. The ...
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Intu Broadmarsh
Broad Marsh (formerly stylised as Broadmarsh) is an historic area of Nottingham, England. The area was subjected to large scale slum clearance, creating large spaces used for regeneration. A shopping centre, car park, bus station and road complex created in the early 1970s cut-through the traditional thoroughfares from the city centre to the rail and canalside area. A large courts building was opened in 1981. The former shopping precinct known as intu Broadmarsh (formerly known as The Broadmarsh Centre) was located slightly south of the centre of Nottingham, on land owned by Nottingham City Council and formerly leased to Intu Properties. It was partly demolished during renovation work by the intu group. Following Intu's financial collapse resulting in administration during 2020, the council have undertaken public consultations to find an acceptable outcome for eventual redevelopment, including the former multi-storey car park and bus station. The intended demolition of the ...
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The Peel Group
The Peel Group is a British infrastructure and property investment business, based in Manchester. In 2022, its Peel Land and Property estate extends to of buildings, and over of land and water. Peel retains minority stakes in its former ports business and MediaCityUK. The Trafford Centre, which opened in 1998, is widely regarded as Peel's landmark development. It was sold in 2011 to Capital Shopping Centres for £1.6 billion, making it then the most expensive acquisition in British property history. £700 million of the consideration was in shares and Peel continued to buy shares in the purchaser that went into administration, eliminating share value, in 2020. The Peel Group held a series of other substantial investments in listed businesses including Land Securities Group plc and Pinewood Shepperton plc, and in 2022 owns 14.1% of Harworth Group plc History Name and listings The Peel Group was known from 1973 to 1981 as Peel Mills (Holdings) Ltd; from 1981 to 2004 as P ...
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Capital & Counties Properties
Shaftesbury Capital, formerly Capital & Counties Properties plc, (Capco) is a United Kingdom-based property investment and development company focused on sites in the West End of London, including Covent Garden, Chinatown London and Carnaby Street, Soho. It is listed on the London and Johannesburg stock exchanges and is a constituent of the FTSE 250 Index. History Capital and Counties was incorporated in 1933 and subsequently established a portfolio of property in London and the Home Counties. It was acquired by Transatlantic Holdings in 1992. In May 2010, Capital & Counties Properties (Capco) was demerged from Liberty International (formerly Transatlantic Holdings PLC). The company had an interest in Great Capital Partnership (a 50-50 joint venture with Great Portland Estates which invested in commercial property in the Regent Street and Piccadilly areas), but that entity sold its remaining asset in June 2013. The company also had a large interest in the Earl's Court area ...
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Westfield Group
Westfield Group was an Australian shopping centre company that existed from 1960 to 2014, when it split into two independent companies: Scentre Group, which owns and operates the Australian and New Zealand Westfield shopping centre portfolio; and Westfield Corporation, which continued to own and operate the American and European centre portfolio. Westfield Group undertook ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities. The multinational company was Public company, listed on the Australian Securities Exchange and had interests in and operated one of the world's largest shopping centre portfolios with investment interests in 103 shopping centres across Australia, the United States, the Netherlands, the United Kingdom, New Zealand, Italy, France, Sweden, Austria, Germany, Croatia, Poland, Czech Republic and Brazil, encompassing around 23,000 retail outlets and total assets under management in excess of ...
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John Whittaker (businessman)
John Whittaker (born 14 March 1942) is a British billionaire. He is chairman of the Peel Group, a property business that mainly invests in North West England. Although publicity-shy, he has been described as one of the most influential business leaders for Greater Manchester and the North West by the ''Manchester Evening News'' (2007), and was named the most influential northerner by ''The Big Issue'' magazine in 2010. Early life Whittaker was born to John and May Whittaker in Bury, Lancashire in 1942. He was educated at Prior Park College, a Catholic boarding school in Bath, Somerset, and considered becoming a priest before deciding to join the family business. Career In the 1980s he fought a bitter battle to take over the Manchester Ship Canal Company, out of which the Trafford Centre emerged. Whittaker's Peel Group sold the 1.5m sq ft Trafford Centre to Capital Shopping Centres (now Intu Properties) in January 2011. Under the terms of the deal, which valued the ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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California
California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an international border with the Mexico, Mexican state of Baja California to the south. With almost 40million residents across an area of , it is the List of states and territories of the United States by population, largest state by population and List of U.S. states and territories by area, third-largest by area. Prior to European colonization of the Americas, European colonization, California was one of the most culturally and linguistically diverse areas in pre-Columbian North America. European exploration in the 16th and 17th centuries led to the colonization by the Spanish Empire. The area became a part of Mexico in 1821, following Mexican War of Independence, its successful war for independence, but Mexican Cession, was ceded to the U ...
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Sun Life & Provincial Holdings
Sun Life & Provincial Holdings plc was a large British insurance company. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. It was acquired by French insurance company Axa Group in 1996. History The company was established in 1995 as a holding company for the ''Sun Life Assurance Society'' and the ''Provincial Insurance Company'' in both of which Union des Assurances de Paris (UAP) of France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ... had acquired substantial holdings. Sun Life Assurance Society The Sun Life Assurance Society was a life insurance offshoot, founded in 1810, of the Sun Fire Office. The Head Office moved to Bristol in 1976. UAP acquired 50% of the Sun Life Assurance Society in 1992.
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Shopping Centre
A shopping center in American English, shopping centre in English in the Commonwealth of Nations, Commonwealth English (see American and British English spelling differences#-re, -er, spelling differences), shopping complex, shopping arcade, shopping plaza, or galleria, is a group of shops built together, sometimes under one roof. The first known collections of retailers under one roof are marketplace, public markets, dating back to ancient times, and Middle Eastern covered markets, bazaars and souqs. In Paris, about 150 Covered passages of Paris, covered passages were built between the late 18th century and 1850, and a wealth of Arcade (architecture)#Shopping arcades, shopping arcades were built across Europe in the 19th century. In the United States, the widespread use of the automobile in the 1920s led to the first shopping centers consisting of a few dozen shops that included parking for cars. Starting in 1946, larger, open air centers anchored by department stores were b ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalization, nationalised concer ...
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