Shopping centre owner Intu seeks emergency £1bn cash

Shopping centre owner Intu seeks emergency £1bn cash

One of Britain’s biggest shopping centre owners has revealed it will be tapping up shareholders for extra cash to pay down its debts. Intu Properties, which owns several shopping centres including Lakeside in Essex and Manchester’s Trafford Centre, said the money will be raised next month. Last year, retail sales fell for the first time in a quarter of a century.

Chris
Chris
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