BREAKING NEWS: Intu Shopping Centres Falls into Administration

Intu, one of the UK’s biggest shopping centre landlords, said it was unable to reach a deal with lenders over a €5bn debt timebomb and it has gone into administration.

THE firm runs a total of 17 sites including the Trafford Centre in Manchester and the Lakeside in Essex and had warned it faced disaster without a standstill deal on loan repayments, as income from rents dried up during the coronavirus crisis.

More to follow on the breaking story later today.

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