Air Max 90 Essential Infrared

Air Max 90 Essential Infrared

Air Max 90 Essential Infrared

They include Lakeside, in Essex, Braehead, in Glasgow, as well as the Arndale, which has historically been viewed as a competitor of the Trafford Centre.

Square, in Newcastle city centre, Debenhams also became the anchor store for that and they Air Max 90 Size 1

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Mr Fischel added ;"On an operational level, our plan is to blend the best bits of the Trafford Centre with the other assets, to the benefit of both."

Both parties emphasised the mutual benefit of pooling their expertise in the retail sector.

CSC will own 10 of the UK's top 25 shopping centres as a result of the deal, including four of the top six out of town complexes.

But Mr Fischel pointed to the success it has had in the north east, where it owns both Eldon Square, in the heart of Newcastle city centre, and Nike Air Max 90 Camouflage Army Green

TheTrafford Centre was bought for 750m, with 800m of debt taken on by CSC.

But because Simon's letter contained no concrete proposals, CSC opted to press ahead with its agreement with Peel, which will be put to shareholders on December 20.

the Metro Centre, in nearby Gateshead.

"A good example of how that can work is in the north east, where Debenhams had no presence until they came to the Metro Centre in 2004.

saw no conflict."

Air Max 90 Essential Infrared

Air Max 90 Essential Infrared

He added: "The Trafford Centre remains one of Peel Group's prized assets under the new ownership structure, which gives us the additional opportunity to benefit from added geographical spread of high quality assets in the wider UK retail property market."

CSC has agreed a 1.6bn deal with Peel Group to buy the Trafford Centre, adding it to its extensive retail portfolio, which includes Manchester's Arndale Centre.

The deal will also see Peel invest 77.7m in exchange for a 19.9 per cent stake in CSC, while billionaire owner John Whittaker will be appointed deputy chairman.

Shares in CSC rocketed by nearly 13 per cent or 43.6p to 381p after news of the agreement broke, with the company also raising 221.2m through the placing of 62.3m new shares yesterday.

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"It follows successful partnerships with RREEF at Peel Ports, Vancouver Airport Services at Peel Airports, Covanta at Ince Park and most recently with SIS Live at Peel's MediaCityUK project."

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CSC said Mr Whittaker's appointment to its board would see him make a "huge contribution" to the business.

The placing, together with Peel's 77.7m investment, will enable CSC to pay off 81m of debt secured against the development of Barton Square at the shopping city in 2008.

That is the verdict of David Fischel, chief executive of Capital Shopping Centres (CSC), the firm set to take ownership of the mall.

CSC boss sees bright future for Trafford Centre and Arndale

Mr Whittaker said: "The transaction is part of the Peel Group's long term, ongoing strategy to broaden its investments in many diverse sectors through partnerships and co investment with complementary businesses.

"Then, when it came to doing the extension of Eldon Air Max 90 Black Croc

Air Max 90 Essential Infrared

Air Max 90 Essential Infrared

Greater Manchester's two major shopping sites can flourish in tandem as a result of the sale of the Trafford Centre.

Air Max 90 Essential Infrared

That is despite an 11th hour approach by American outfit Simon Property Group, which asked CSC not to proceed with the deal, saying it might make a cash offer for the company.

If you feel we have made an error in a report, or have fallen below our Air Max 90 Essential Infrared usual high standards, please write in the first instance to: Rob Irvine, editor, Manchester Evening News, Mitchell Henry House, Hollinwood Avenue, Chadderton, Oldham OL9 8EP.

He said: "The two centres appeal to different markets. There is more daytime trade at the Arndale and a great evening trade at the Trafford Centre.

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