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Thornfield Properties follows its parent company into administration
Published:  17 March, 2010

Thornfield Properties will go into administration this week following the demise of parent company Thornfield Ventures earlier this year.

Meetings are currently being convened to put other Thornfield entities into liquidation, including Thornfield Properties (Feltham) Limited, Thornfield Feltham Developments Limited, Thornfield Springfields Investments Limited and Thornfield Springfields Developments Limited.

Phil Bowers, joint administrator and partner in Deloitte’s reorganisation services team, said: “Following an assessment of the viability of the less advanced schemes and a financial review of the entities, a number of the entities will go into administration or liquidation.

“The administrators will be working closely with all councils involved to seek to help transfer schemes to other third parties and to limit the downside impact of not going ahead with the respective schemes.

“It is important to stress that these further insolvencies will have no impact on the completed development at Thornaby, the close to completed shopping centre at Bury (“the Rock”), the developments at Smithfield Caxton and the scheme at Winchester, all of which continue to be developed and managed.”

While Hammersons There is still no word on exactly what will happen with the Mid Sussex regeneration project, in which Thornfield Properties had £800m of proposed investment.




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