![City region 'faces legal claim over £745m loans'](https://cdn.magzter.com/1583575155/1719965957/articles/bqfQBzd9C1719979469613/CITY-REGION-FACES-LEGAL-CLAIM-OVER-745M-LOANS.jpg)
THE Greater Manchester Combined Authority (GMCA) could be sued over loans totalling £745m made to one of Manchester's biggest developers.
A major landowner in the city, Weis Group, is reportedly taking the body to the Competition Appeal Tribunal. It believes the loans to developer giant Renaker have 'distorted' the Manchester property market, according to property news website Place North West.
This story is from the July 03, 2024 edition of Manchester Evening News.
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This story is from the July 03, 2024 edition of Manchester Evening News.
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