Intu confirms Friday deadline on rescue talks

Matthew Roberts 2

Intu has confirmed is has until Friday to save the UK’s largest shopping centre operator from a collapse into administration, as revealed by Property Week yesterday.

In an update on the crucial talks with creditors the group, which owns centres such as Lakeside in Essex and the Trafford Centre in Manchester, said that it was attempting to reach agreement with creditors on the duration of the standstill period, with some stakeholders seeking 18 months, but Intu expects it will not exceed 15 months. 

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