Shopping centre owner braces for administration

Intu, which owns some of the UK's biggest shopping centres, has appointed administrators as a"contingency" in case financial rescue talks fail.

Intu had been struggling before coronavirus to fill outlets within some centres sites, and had heavy debts. Since the coronavirus lockdown Intu's centres have been partially shut, with only essential stores remaining open. The firm's financial woes include making a loss of £2bn in 2019, failing earlier this year to raise £1bn in new funding, and having debts of £5bn.

The gravy train is over. Commercial property sector needs to smell the coffee.

4th July: Yay shops and cinemas are open again. 5th July: Intu shuts all their centres taking shops and cinemas with them. I can’t see “normal” coming back anytime soon.

nightpaz

Turn these shopping centres into flat and housing, save our countryside from being destroyed

It was first reported on June 6th that KPMG had been appointed 'as a contingency' so this isn't a new article.

BorisJohnson When you going to take direct action be it sanctions or military against the perpetrators who caused the Coronavirus pandemic as the damage they've done to peoples lives in GlobalBritain is incomprehensible

Braces? Do people still wear them?! No wonder they’re going skint! 🤪

Bring back 'The Harlequin' Watford. Intu never sounded right since Intu took over. intuwatford

this is a piece of news from 2017, these businesses having been losing money for year, this pandemic has been the final nail for Many but the general public stopped shopping years a go.

Mass unemployment on the way. And the fearmongering MediaScum along with the lying political filth are complicit in every single job loss.

Meanwhile BBC pc Fake TV News hyperbolises the trivial non-story about a banner reading 'White Lives Matter' towed over Burnley FC 's stadium. The outre over-reaction from overpaid 'stars' parroting fatuous 'woke' cliches has induced an excess of holy pc zeal in the chatterazzi

They’ll be going Intu administration then.............oh come on, you were all thinking it.......

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