The Peel Group
UK property investment business / From Wikipedia, the free encyclopedia
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The Peel Group is a British infrastructure and property investment business, based in Manchester. In 2022, its Peel Land and Property estate extends to 13 million square feet (1.2 km2) of buildings, and over 33,000 acres (13,000 ha) of land and water. Peel retains minority stakes in its former ports business and MediaCityUK.[6][7][8][5]
Company type | Private company |
---|---|
Industry | |
Founder | John Whittaker[2] |
Headquarters | Venus Building, Trafford Park[3] |
Key people | John Whittaker (Chairman) (2022)[4] |
Total assets | £2.3 billion (2022)[5] |
Owner | |
Website | Peel Group Website |
The Trafford Centre, which opened in 1998, is widely regarded as Peel's landmark development. It was sold in 2011 to Capital Shopping Centres for £1.6 billion, making it then the most expensive acquisition in British property history. £700 million of the consideration was in shares and Peel continued to buy shares in the purchaser that went into administration, eliminating share value, in 2020.[9][10][11][12][13]
The Peel Group held a series of other substantial investments in listed businesses including Land Securities Group plc and Pinewood Shepperton plc, and in 2022 owns 14.1% of Harworth Group plc[14][15][16]