The Arora Group has proudly announced that it has completed the purchase of its second shopping centre out of administration from Grant Thornton.
Originally known as a specialist airport hotel owner-operator, the Arora Group established their first city centre hotel in 2017 with the opening of the InterContinental London – The O2 and most recently has diversified further into the country house hotel market with the opening of Fairmont Windsor Park and the recent acquisition of Luton Hoo Hotel, Golf & Spa in December 2021. It acquired its first shopping centre in August 2022, The County Mall in Crawley from ABRDN.
Sanjay Arora, Chief Operating Officer & Head of Property for the Arora Group commented: “Our acquisition of the Peacocks Centre is continuing the vision I have for creating a strong diversified portfolio in numerous real estate asset classes. We continue our expansion drive into the retail sector and look forward to working very closely with Woking Borough Council to make this centre a true success again, neighboured by their incredible Victoria Place development.”
