The owners of Atria Watford announced this week that a new financial restructuring plan has been agreed for the shopping centre.
SGS also revealed that the restructuring enables new funding to support further investment of its four shopping centres, which includes Watford.
Steve Gray, head of European Retail Asset Management at Global Mutual – the company which took over the shopping centre last year – described the news as a “defining moment”.
He said he was “proud” his team have been able to deliver over the transition period and says thanks to the new funding certainty and “stable” capital structure, SGS can now focus on delivering its three-year business plan.
See more: Owners of Atria Watford issue update on future of shopping centr…
Read the full article at: https://www.watfordobserver.co.uk/news/19322181.atria-watford-benefit-new-investment-company-restructure/