Matt Moulding’s efforts to sell THG’s £200m HQ have collapsed.
The e-commerce tycoon’s personal investment vehicle, Moulding Capital, had been in talks to sell Icon Business Park, next to Manchester airport, to ICG Real Estate in a sale and leaseback deal.
The business park has been the headquarters of THG since it opened two years ago.
For the transaction to proceed, a prospective buyer would need an approval from Warrington Borough Council to novate a £128m loan.
The Icon complex is used as a security for part of a £202m loan the Labour-led authority gave to the group of companies controlled by Moulding in 2020, according to official documents.
In July, the council cabinet initially approved a potential novation of the loan to ICG, which subsequently did not proceed with a deal.
