Peel Group
Encyclopedia
The Peel Group is a diversified real estate, transport and infrastructure investment company in the United Kingdom
. It has assets owned and under management approaching £6 billion. The group headquarters are at the Trafford Centre
, Manchester
.
Peel is the largest property investment company in the United Kingdom and its long-term aim is to make the North West of England the leading economic region in the UK.
Projects which Peel has developed or owns include the Trafford Centre
, MediaCityUK, Scout Moor Wind Farm
, The Pinewood Studios Group
. Including these tangible assets, Peel owns a number of key equity stakes in companies. The Group is currently focused on the £50 billion Atlantic Gateway
development for North West England
.
acquired Peel Mills, John Bright'sand the Manchester Ship Canal Company. The company evolved into Peel Holdings to reflect its status as a property investment company, abandoning the name of Peel Mills.
The largest asset of the group was formerly the Trafford Centre. In 1986, Peel submitted a planning application for a large shopping centre development on land attached to the Manchester Ship Canal
, adjacent to the M63
, now the M60, in Trafford
, Greater Manchester
. The plans had been originally conceived in 1984.
In 2004, Peel Holdings which was the largest company on the AIM Market went private in a £1.3 billion deal and became The Peel Group. Peel sold the Trafford Centre in January 2011 to Capital Shopping Centres
(CSC) for £1.6bn, with Peel receiving around £70m and gaining a 20% in CSC.
Having built a 29% stake, in April 2011 Peel bid £87.8m for The Pinewood Studios Group
. Having had their first bid rejected, Peel offered £96m which was subsequently accepted.
.
In 2008, the Scout Moor Wind Farm
which is the largest onshore wind farm began operations and produces enough electricity for the average need of 40,000 homes.
Peel's assets and projects include:
Airports
Energy
Canals
Ports
Retail
Media
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. It has assets owned and under management approaching £6 billion. The group headquarters are at the Trafford Centre
Trafford Centre
The Trafford Centre is a large indoor shopping centre and leisure complex situated in the Metropolitan Borough of Trafford in Greater Manchester, close to the Trafford Park industrial estate and approximately 5 miles from Manchester city centre. It is the highest valued shopping centre in the...
, Manchester
Manchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
.
Peel is the largest property investment company in the United Kingdom and its long-term aim is to make the North West of England the leading economic region in the UK.
Projects which Peel has developed or owns include the Trafford Centre
Trafford Centre
The Trafford Centre is a large indoor shopping centre and leisure complex situated in the Metropolitan Borough of Trafford in Greater Manchester, close to the Trafford Park industrial estate and approximately 5 miles from Manchester city centre. It is the highest valued shopping centre in the...
, MediaCityUK, Scout Moor Wind Farm
Scout Moor Wind Farm
Scout Moor Wind Farm is the largest onshore wind farm in England. The wind farm, which was built for Peel Wind Power Ltd, produces electricity from 26 Nordex N80 wind turbines. It has a total nameplate capacity of 65 MW of electricity, providing 154,000 MW·h per year; enough to serve...
, The Pinewood Studios Group
The Pinewood Studios Group
The Pinewood Studios Group is a multinational film studio company headquartered in Iver Heath, United Kingdom...
. Including these tangible assets, Peel owns a number of key equity stakes in companies. The Group is currently focused on the £50 billion Atlantic Gateway
Atlantic Gateway
The Atlantic Gateway is a proposed transport project in Canada. It aims to take an integrated approach in developing transport infrastructure within Atlantic Canada to enhance Canada's ability to capture a larger share of growing trade flows between North America and Asia.The federal minister...
development for North West England
North West England
North West England, informally known as The North West, is one of the nine official regions of England.North West England had a 2006 estimated population of 6,853,201 the third most populated region after London and the South East...
.
History
Between 1971 and 1987, the group's founder, John WhittakerJohn Whittaker (businessman)
John Whittaker is a British businessman and property mogul with an estimated fortune of £2,075 million placing him 28th in Sunday Times Rich List 2011....
acquired Peel Mills, John Bright'sand the Manchester Ship Canal Company. The company evolved into Peel Holdings to reflect its status as a property investment company, abandoning the name of Peel Mills.
The largest asset of the group was formerly the Trafford Centre. In 1986, Peel submitted a planning application for a large shopping centre development on land attached to the Manchester Ship Canal
Manchester Ship Canal
The Manchester Ship Canal is a river navigation 36 miles long in the North West of England. Starting at the Mersey Estuary near Liverpool, it generally follows the original routes of the rivers Mersey and Irwell through the historic counties of Cheshire and Lancashire. Several sets of locks lift...
, adjacent to the M63
M63 motorway
The M63 motorway was a major road in the United Kingdom. It was completely renumbered as part of the M60 motorway in 1999.- Formation of the M63 :The earliest section of the M63 opened in 1960 as part of the M62 motorway...
, now the M60, in Trafford
Trafford
The Metropolitan Borough of Trafford is a metropolitan borough of Greater Manchester, England. It has a population of 211,800, covers , and includes the towns of Altrincham, Partington, Sale, Stretford, and Urmston...
, Greater Manchester
Greater Manchester
Greater Manchester is a metropolitan county in North West England, with a population of 2.6 million. It encompasses one of the largest metropolitan areas in the United Kingdom and comprises ten metropolitan boroughs: Bolton, Bury, Oldham, Rochdale, Stockport, Tameside, Trafford, Wigan, and the...
. The plans had been originally conceived in 1984.
In 2004, Peel Holdings which was the largest company on the AIM Market went private in a £1.3 billion deal and became The Peel Group. Peel sold the Trafford Centre in January 2011 to Capital Shopping Centres
Capital Shopping Centres
Capital Shopping Centres Group plc is a United Kingdom-based Real Estate Investment Trust , largely focused on shopping centre management and development. Formerly named Liberty International plc, it changed its name to that of its major subsidiary in May 2010 after demerging its Capital & Counties...
(CSC) for £1.6bn, with Peel receiving around £70m and gaining a 20% in CSC.
Having built a 29% stake, in April 2011 Peel bid £87.8m for The Pinewood Studios Group
The Pinewood Studios Group
The Pinewood Studios Group is a multinational film studio company headquartered in Iver Heath, United Kingdom...
. Having had their first bid rejected, Peel offered £96m which was subsequently accepted.
Ocean Gateway
Peel is developing a large infrastructure project known as the Ocean Gateway around the cities of Liverpool and Manchester, including two mixed developments known as Liverpool Waters and Wirral WatersWirral Waters
Wirral Waters is a large scale £4.5bn development that has been proposed by the company Peel Holdings for Birkenhead, on the Wirral Peninsula, England...
.
Renewable energy
As of 2011, Peel Energy currently produces 3GW which Peel claims is enough to power 3 million homes in North West England. The Group sees renewable energy as key to creating a stable North West England which is self-reliant on its energy needs, thus helping businesses invest. North West England is ideally situated for the cleanest renewable energy sources with high land and winds for wind energy and rivers and coast for schemes like tidal energy. Furthermore bio-mass energy is a preferred renewable energy source however nuclear power has never been considered by Peel.In 2008, the Scout Moor Wind Farm
Scout Moor Wind Farm
Scout Moor Wind Farm is the largest onshore wind farm in England. The wind farm, which was built for Peel Wind Power Ltd, produces electricity from 26 Nordex N80 wind turbines. It has a total nameplate capacity of 65 MW of electricity, providing 154,000 MW·h per year; enough to serve...
which is the largest onshore wind farm began operations and produces enough electricity for the average need of 40,000 homes.
Tangible assets
Airports
- City Airport Manchester
- Liverpool John Lennon
- Doncaster Sheffield
- Durham Tees ValleyDurham Tees Valley AirportDurham Tees Valley Airport is an international airport in north east England, located southeast of Darlington, about southwest of Middlesbrough and south of Durham. The airport serves County Durham and parts of North Yorkshire, and is in Middleton St George in the borough of Darlington...
Energy
- Scout Moor Wind FarmScout Moor Wind FarmScout Moor Wind Farm is the largest onshore wind farm in England. The wind farm, which was built for Peel Wind Power Ltd, produces electricity from 26 Nordex N80 wind turbines. It has a total nameplate capacity of 65 MW of electricity, providing 154,000 MW·h per year; enough to serve...
Canals
- Manchester Ship CanalManchester Ship CanalThe Manchester Ship Canal is a river navigation 36 miles long in the North West of England. Starting at the Mersey Estuary near Liverpool, it generally follows the original routes of the rivers Mersey and Irwell through the historic counties of Cheshire and Lancashire. Several sets of locks lift...
- Bridgewater CanalBridgewater CanalThe Bridgewater Canal connects Runcorn, Manchester and Leigh, in North West England. It was commissioned by Francis Egerton, 3rd Duke of Bridgewater, to transport coal from his mines in Worsley to Manchester...
Ports
- Manchester DocksManchester DocksManchester Dock and similar can mean:*"Manchester Docks" is another name for Salford Docks in Greater Manchester, England*Manchester Dock , an old dock in Liverpool, England...
- Port of LiverpoolPort of LiverpoolThe Port of Liverpool is the name for the enclosed 7.5 mile dock system that runs from Brunswick Dock in Liverpool to Seaforth Dock, Seaforth, on the east side of the River Mersey and the Birkenhead Docks between Birkenhead and Wallasey on the west side of the river...
- Glasgow HarbourGlasgow HarbourGlasgow Harbour is an urban regeneration scheme at Partick in the city of Glasgow, Scotland.After many years of dereliction caused by the decline of shipbuilding and the migration of Glasgow's docks to the Firth of Clyde, since the mid 1980s, the banks of the River Clyde at Glasgow have become a...
Retail
- Trafford CentreTrafford CentreThe Trafford Centre is a large indoor shopping centre and leisure complex situated in the Metropolitan Borough of Trafford in Greater Manchester, close to the Trafford Park industrial estate and approximately 5 miles from Manchester city centre. It is the highest valued shopping centre in the...
- now owned by CSCCapital Shopping CentresCapital Shopping Centres Group plc is a United Kingdom-based Real Estate Investment Trust , largely focused on shopping centre management and development. Formerly named Liberty International plc, it changed its name to that of its major subsidiary in May 2010 after demerging its Capital & Counties...
but conceptualised and developed by Peel. - Gloucester Quays - the Gloucester Quays Outlet was opened in May 2009 by Gok Wan
Media
- MediaCityUK
- The Pinewood Studios GroupThe Pinewood Studios GroupThe Pinewood Studios Group is a multinational film studio company headquartered in Iver Heath, United Kingdom...
- acquired 71.1% stake in 2011.