Intu

Intu offloads Gateshead Metrocentre to new owner

Sovereign Centros, a real estate operating partner, has taken over the running of the Gateshead Metrocentre from Intu. The site…

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Intu slashes 46 head office roles

Intu has slashed 46 roles across its London head offices, following its collapse into administration at the end of June.…

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Intu the unknown: The future of the shopping centre

Saddled with unsustainable levels of debt and lacking rental income over the past two quarters due to Covid-19 restrictions, Intu…

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John Whittaker steps downs as Intu chairman

John Whittaker has reportedly stepped down from his role as chairman of embattled shopping centre owner Intu. According to Property…

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Intu collapses into administration

Intu has officially called in administrators, after weeks of speculation that the group was on the brink of collapse.  The…

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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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Intu appoints to chief restructuring officer to ‘fix’ balance sheets

Shopping centre owner Intu has announced the appointment of David Hargrave as chief restructuring officer to “fix” its balance sheet…

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Intu receives only third of rent

Intu revealed that it has received only 29% of its second quarter rent that was due from tenants on 25…

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