Tag Archives: intu

On Friday, Intu Properties went into administration after failing to reach an agreement with its lenders. Intu owns a number of major shopping centres in the UK including intu Trafford Centre, intu Lakeside, intu Merry Hill and intu MetroCentre, in addition to a shopping centre and development site in Spain. …

Intu has indicated today that talks with lenders have failed to reach agreement and that administrators are likely to be called in. The retail giant has until midnight tonight to reach a deal. According to intu: “Discussions have continued with the intu Group’s creditors in relation to the terms of …