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Tag Archives: intu

Intu’s Trafford Centre is seeking a buyer as lender pressure ammounts to auction plans

Intu’s Trafford Centre is seeking a buyer, according to reports from Sky News and the Retail Gazette, after the shopping centre owner filed for administration earlier this year. Recognised as the UK’s fourth-biggest shopping centre, Trafford Centre has drafted in PJT Partners and CBRE to oversee the sales process. Located …

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UK shopping centre owner Intu is on the brink of administration

The UK shopping centre owner, Intu has indicated it is on the verge of appointing administrators after discussions with its creditors were stalled. The struggling business had been hamstrung by a $4.5bn debt over the past year, but in recent weeks and months has been hammered by the impact of …

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Intu warns it could go bust following a loss of £2bn in 2019

Intu, the owner of some of the UK’s biggest shopping centres, has said there are doubts that it can survive unless it raises extra funds, following its reported loss of £2bn in 2019. The firm – the owner of Manchester’s Trafford Centre and Lakeside in Essex – has said it …

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Playmobil renews intu’s family club sponsorship with major toy donation

Playmobil has renewed its sponsorship of the shopping centre owner intu’s family club after more than 100,000 children joined the initiative within a year of its launch. The retail brand launched the scheme last May to create an all-year-round programme of interactive activities and exclusive offers for families, following research …

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