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Owner of Trafford Centre warns it could collapse after losing £2BILLION in 2019
12.03.2020 - 19:39 / manchestereveningnews.co.uk
The owner of the Trafford Centre has warned it could collapse if it cannot find further funds after losing £2bn in 2019.
Intu Properties - which owns nine of the country's top 20 shopping centres - has been struggling to cope with the shrinking High Street retail market for some time.
Last month, the group failed to reach an agreement with a Hong Kong-based investor for a refinancing package.
Intu is laden with debts estimated to be around £5bn.
The value of its shopping centre sites has fallen
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