Shopping centre operator intu began a series of meetings with lenders and investors in an attempt to rescue the company from imminent collapse.

Entrance to intu Lakeside

intu Lakeside

The discussions focused on three key priorities: negotiating with banks about relaxing and renegotiating terms; the sale of all or part of its assets; and a search for investors.

The company collapsed into administration in late June that year with a debt pile of more than £4.5bn.

A range of asset managers, including Global Mutual and intu SGS, took over intu’s shopping centres across the UK later that year.