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Intu still owns the assets, and the banks and bondholders that control them still have loans in place. There are still interest payments to be made on these loans, ...
In January, Intu breached a loan to value covenant on the Metrocentre, one of the 10 largest malls in the UK, in which it owns a 60% stake. Singapore’s GIC owns the other 40%.
One of the U.K.’s largest operators of shopping centers, Intu, has asked its shareholders for fresh funding amid the continued decline of trading conditions for bricks and mortar retailers.
Intu owns the Trafford Centre in Manchester The value of its the centres it owns fell by 22% in 2019 to £6.6bn. The company also posted a £2bn loss for that year.
Intu owns the Trafford Centre in Manchester Intu has a hugely complicated corporate structure. Although the company's gone into administration, its shopping centres haven't.
Intu owns the Trafford Centre in Manchester. The owner of some of the UK's biggest shopping centres, Intu, has said there are doubts that it can survive unless it raises extra funds.
Intu owns the Trafford Centre in Manchester The value of its the centres it owns fell by 22% in 2019 to £6.6bn. The company also posted a £2bn loss for that year.
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