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Intu Properties is the owner of Manchester's Trafford shopping centre

Intu falls into administration, centres to stay open

Manchester's Trafford Centre owner Intu became the latest casualty of the coronavirus crisis today as it goes into administration after failing to secure a debt repayment holiday from its creditors amid falling rents.

Business • 26 Jun 20

Intu Properties owns Manchester's Trafford Centre

UK's Intu eyes possible administration

Cash-strapped shopping centre operator Intu Properties said today it has appointed KPMG to plan for a potential slide move into administration as it continued talks with creditors on agreeing a debt standstill that would save the company.

Business • 23 Jun 20

A near empty Manchester Trafford Centre, which is owned by Intu Properties

Shopping centre operator Intu says on course to default

Struggling shopping centre operator Intu Properties has warned that it would likely breach its debt commitments at the end of June due to falling rental payments and will seek standstill agreements with creditors to ride out the coronavirus crisis.

Business • 18 May 20

UK shopping centres group Hammerson is planning £1.1 billion of disposals by the end of 2019

Hammerson targets £1.1 billion of disposals by 2019

UK shopping centre operator Hammerson aims to sell its out-of-town retail parks as part of as part of an overhaul to calm shareholder unrest following its failed takeover of rival Intu Properties.

Business • 24 Jul 18

Hammerson is the co-owner of the Dundrum Town Centre in Dublin

Hammerson withdraws recommendation for Intu deal

British property company Hammerson has withdrawn its recommendation to shareholders that they back a takeover of smaller rival Intu Properties.

Business • 18 Apr 18

Dundrum Town Centre, one of Hammerson's Irish interests

Hammerson buys UK rival Intu Properties

Shopping centre landlord Hammerson has agreed to buy Intu Properties in a deal valuing the smaller rival at about £3.4 billion.

Business • 06 Dec 17