Property insolvency specialists Arron Kendall and Simon Thomas of Moorfields Advisory have been appointed administrators over three companies within the Frogmore group following the borrower’s failure to repay the loans when due. The assets comprise the Broadwalk shopping centre in Bristol, Port Arcades shopping centre in Ellesmere Port and Belle Vale shopping centre in Liverpool.
The shopping centres will continue to trade as normal while the administrators develop a disposal strategy.
The Broadwalk shopping centre in Bristol has been established for over 40 years and enjoys a central location with access to the high street. Comprising 221,000 sq ft, it contains over 70 units and benefits from its own multi-storey car park.
Port Arcades shopping centre in Ellesmere Port is located in the heart of the town centre occupying 346,000 sq ft with over 60 retail units and car park for over 1,000 cars.
Belle Vale shopping centre in Liverpool occupies over 278,000 sq ft, mainly operating as a convenience and discount-led shopping centre with over 60 units and has its own multi-storey car park.