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Trade News Archive 2009 January February March April May June July
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28th July 2009
East Yorkshire shopping village goes into administration
Hornsea Freeport, the East Yorkshire shopping centre, has gone into administration becoming the latest in a number of shopping centres to succumb to the recession.
The shopping village consists of 43 stores, including the footwear retailer Clarks and the card outlet Hallmark.
Deloitte has been called in to maintain the centre's running until a buyer can be found.
Dan Butler, joint administrator for the case, said: "The outlet has suffered as a result of the current economic environment and is further evidence of the continued pressure being experienced by the retail sector as consumers continue to rein back their spending."
The centre was bought by a Manchester-based law firm in 2005, which had recently begun work on the site worth £6 million.
The Richmond Shopping Centre in Londonderry was recently put up for sale when its parent company went into administration.
(c) 2009
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