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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.
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
Financial education course launched through UCM
Two-year course combines various qualifications
