Peel Holdings’ Trafford Centre outside Manchester has been valued at £108m. The figue is way above the £18m at which it has been held on Peel’s balance sheet. The increase on the shopping centre, which is under construction and due to open in 1999, has helped lift Peel’s net assets per share by 30% to 420p in the year to March 31.
Pre-tax profits rose by 9.5% to £12.6m, including a £2m gain on the sale of its 8% stake in the Mersey Docks and Harbour Company.
- The Financial Times 12/7/96 page 22
- The Daily Telegraph 12/7/96 page 35
- The Times 12/7/96 page 24
