Trafford Centre owner prepares contingency plan for administration

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Trafford Centre owner prepares contingency plan for administration
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  • 📰 The Guardian
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Intu, which also owns Lakeside in Essex, has been unable to collect rent from many tenants

Intu Properties, one of Britain’s largest shopping centre owners, has appointed the accountancy firm KPMG as administrator to make a “contingency plan” if it cannot reach an agreement with its creditors.

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