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Re: Changes on the High Street
Shopping centre owner Intu expected to go into administration.
https://www.theguardian.com/business...administration
Quote:
Intu Properties said on Friday it was likely to go into administration after the shopping centre owner failed to secure an agreement with its creditors.
The company, whose centres include Lakeside in Essex and the Trafford Centre in Manchester, has debts of more than £4.5bn and said it had been unable to persuade lenders to grant a debt repayment holiday before Friday night’s deadline. The company owns a total of 17 shopping centres across the UK.
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“The only lesson you can learn from history is that it repeats itself”
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