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Administrators have been called in at an Isle of Man registered company which controls an Altrincham shopping centre.
Partners at the Manchester accountancy firm MCR have been appointed to handle the affairs of Grafton Centre Nominee, which owns the 25-unit development and a six-storey office block.
They are trading the business as a going concern and are looking for a buyer.
In recent months planning permission was granted to transform the office block into a hotel.
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New restrictions imposed on who can fish Manx waters
Island offers consumer fuel protection advice
Price of oil rises steeply due to conflict in Middle East
Douglas City Council proposes city centre initiatives including sculpture and markets
Funding bid submitted for projects aimed at boosting footfall and supporting local businesses
Fewer property sales in January but average price rises
Latest figures show average property price at £341,000
