Merseyway Shopping Centre - in Administration

In Administration

In February 2009, the centre was placed into the hands of receivers, the directors of GVA Grimley, due to the owners (Stockport Holdings Ltd), placing the centre into Administration. This statement appeared on the centre website on 16 February 2009;

"On 16th February 2009 Directors of GVA Grimley were appointed Receivers under the Law of Property Act over Merseyway Shopping Centre, Stockport. The Centre will continue to be managed by DTZ." —Unknown Author, Merseyway Shopping Centre Website

The Directors of GVA Grimley have stressed that the centre will continue to trade as normal and all retailers have been notified of the status, they have also said that in the current economic situation they will not seek to sell the centre, they will continue to run the centre and build upon its potential alongside the local authority and under current management DTZ.