become the Trafford Centre, on the company's land. Manchester City Council still had a stake in the canal but now faced a conflict of interest as both a local planning authority and shareholder. Its minority shareholding also no longer gave it any real control over the company. Accordingly, in 1986 it surrendered the right to appoint all but one of the Manchester Ship Canal's directors, and sold its shares to Whittaker for £10 million. By 1987 He had acquired control of the business and bought out the remaining minority shareholders in 1993. Trafford Centre In 1987, Peel submitted a planning application for a shopping centre development on land attached to the Manchester Ship Canal, adjacent to the M63, now the M60, in Trafford. It opened in 1998 after one of the most prolonged and expensive planning processes in British history. It sold the Trafford Centre in January 2011 to Capital Shopping Centres for £1.6bn of which £700 million was in shares, being 20% of the purchaser's share capital. Peel continued to purchase shares after the transaction and was the largest shareholder in 2012, with a stake of 24.63%. In 2020, Capital Shopping Centres, now renamed Intu Properties plc, went into administration eliminating shareholder value. Airports Ports MediaCityUK In 2007, Peel obtained planning permission to develop a site on the banks of the Manchester Ship Canal in Salford. It became the new home of the BBC in the north of England. Other studios in the complex include Peel Group operated dock10; ITV's northern facilities including those for Coronation Street, and the University of Salford. Plans for a £1bn expansion to MediaCityUK were approved in 2016. The development would double the size and include more TV studio and production space as well as shops, offices, a 330-bed hotel and 1,400 homes (Manchester Waters). In 2021, Land Securities acquired a stake in MediaCityUK, buying out a share Legal and General purchased in 2015, reducing Peel's share to . Pinewood Studios In 2011, Peel acquired a controlling 71% interest in Pinewood Shepperton Plc for £96 million. In 2016, it cut its stake in the film studio operator from 58% to 39%, and then sold the remainder to Leon Bressler's PW Real Estate Fund. Energy Peel opened a 65 MW Scout Moor Wind Farm between Edenfield and Rochdale in 2008. Their remaining interest in Scout Moor was sold to MEAG in October 2012. 10 MW