Date:
Julie Fisher, Woking Borough Council’s Chief Executive, said: “Moyallen’s property companies, which include Peacocks Centre, and Moyallen Woking Ltd, the owner of the Primark lease in the Peacocks Centre, have been put into administration.
“Moyallen Developments Ltd, the company managing the Victoria Place development, is unaffected, as is the Victoria Square Woking Limited joint venture company with the Council.
“The Borough Council has worked in partnership with Moyallen since its acquisition of the Peacocks Shopping Centre and we would like to thank it for its commitment and support towards the Council’s regeneration plans for the town.
“The Borough Council, as the freeholder of the Peacocks site and a major stakeholder, has already spoken with the appointed administrator, Grant Thornton. It has confirmed that the Peacocks Shopping Centre will continue to trade as normal, and staff are unaffected. Our ownership of the freehold is also unaffected.
“The administrator will manage all aspects of the business, including all ongoing contract negotiations. The Borough Council will continue to work with the administrator in the best interests of our residents.
“With the centre continuing to trade as normal, and the recent opening of Victoria Place Woking, we urge residents and visitors to carry on shopping in Woking Town Centre and support local retailers.”