Manchester-based property group Modus has secured funding for its 400,000 sq ft Grand Arcade in Wigan. Anglo Irish Bank, advised by Dawnay Day Property Finance Group, has provided a rumoured £50m for the £120m scheme. Construction of the shopping centre, which will be anchored by a 105,000 sq ft Debenhams, started last month. The scheme is due to open in 2007.
Manchester-based property group Modus has secured funding for its 400,000 sq ft Grand Arcade in Wigan. Anglo Irish Bank, advised by Dawnay Day Property Finance Group, has provided a rumoured £50m for the £120m scheme. Construction of the shopping centre, which will be anchored by a 105,000 sq ft Debenhams, started last month. The scheme is due to open in 2007.
