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Trafford Centre owner Intu seeking extra cash to pay down £5bn debt
21.01.2020 - 12:01 / manchestereveningnews.co.uk
One of Britain's biggest shopping centre owners says it is seeking extra cash from its shareholders to pay down its £5 billion debt.
Intu Properties, which owns both the Trafford Centre and the Arndale Centre in Manchester, will be looking to raise the money next month ahead of the company's results.
Bosses are in the process of selling off assets to reduce the company's £5bn debt pile, and say they are making progress in their strategy to "fix the balance sheet".
Last month, Intu sold its
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