Shopping Centres

Intu admits appointment of administrators ‘likely’

Shopping centre owner Intu has admitted that it has so far failed in reaching standstill agreements with landlords and therefore…

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Intu braces for administration

Intu has placed administrators on standby as a “contingency plan” in the event that discussions with lenders fail. Reports that…

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Intu places KPMG on standby as administration threatens

Shopping centre owner Intu has reportedly placed KPMG on standby in case it falls into administration ahead of an important…

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Hammerson’s £400m retail park disposal in doubt as Orion stalls

Hammerson has revealed its previously agreed £400m sale of seven of its retail parks has been put in doubt after…

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Hammerson suspends dividend after collecting just 37% of Q2 rent

Shopping centre owner Hammerson has revealed it collected only 37% of its Q2 rent bill and has suspended its dividend…

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Westfield Stratford announces temporary closure amid coronavirus outbreak

Shopping centre Westfield Stratford City has announced it is “substantially closed” amid the outbreak of the Covid-19 outbreak. The shopping…

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Intu warns of its future amid £2bn loss

Shopping centre owner Intu has warned of its future if it cannot raise extra funds, after it reported a £2bn…

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Intu abandons £1bn equity raise plans

Intu revealed it has abandoned plans to raise between £1bn and £1.5bn in emergency cash, citing “current uncertainty” in the…

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New £90m north-east retail development secures 23 brands

Plans to build a new £90m outlet shopping and leisure destination in the North of England have been unveiled, along…

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Hammerson profits sink to £534m in full year results

Retail landlord Hammerson has reported its losses have widened to a pre-tax loss of £537.8m in the year to 31…

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