Administrators are set to be appointed at Joules after the retailer failed to secure rescue financing.
The company had launched negotiations with investors and hoped to cut its rent bill with a company voluntary arrangement.
However, it said it had failed to arrange a bridging loan to avoid defaulting on a bank loan, adding that discussions had “not been successful and have now terminated”.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
