Finance

Intu would be hit hardest by HMV closures

By 2018-12-31T08:23:00

HMV at Intu Derby

Shopping centre group Intu could be the hardest hit retail landlord if HMV stores are forced to close following its collapse into administration on Friday.

According to The Times, Intu, which was on the receiving end of two failed approaches this year and has suffered multiple tenant failures across its portfolio, has more sites rented out to HMV than any other retail property group. It has HMV stores across 15 of its shopping centres and has already been working with the iconic entertainment store to reduce its footprint and rent bill in recent months with moves to smaller units.

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