Receivers called in at cash-strapped shopping centre

Grimsby shopping centre Freshey Place has been placed into receivership by asset manager Capreon.

Cushman & Wakefield has been appointed as receivers after the mall suffered financial difficulties.

Capreon said it would continue working with local authorities to bring forward a planned new cinema and market hall to the town centre location. It also said that Freshney Place would remain open.

A spokesperson for the company said: “We can confirm that Cushman & Wakefield were appointed as Fixed Charged Receivers over Freshney Place Shopping Centre on January 18, 2022.

“Capreon has been retained by the Receivers to continue their role as asset managers for the shopping centre which will remain open for trading as normal.

“We will, of course, also continue to work with North East Lincolnshire Council in the delivery of the proposed new cinema and market hall for the town centre following the successful award of the Future High Street Fund grant monies last year.”