The company owns the freehold of the Houndshill Shopping Centre in Blackpool.
Mark Firmin commented, “The centre will continue to trade whilst the Joint Administrators review the situation and develop a strategy that is appropriate for this particular site. No impact on customers or tenants is anticipated.”
This is the third shopping centre over which KPMG’s Restructuring practice in the North has been appointed in the last three months.
The administration of Modus Corovest (Blackpool) Limited follows that of Modus Ventures Limited on 29th May, Modus Properties (Wigan) Limited and Modus (Wigan) Limited on 18th May and Trinity Walk Wakefield Limited in March 2009