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UK's 17 biggest shopping centres at risk as Intu says administrators are likely

Trafford Centre Britain city Manchester covid-19 pandemic crisis Coronavirus
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mirror.co.uk:

Lakeside, Manchester Arndale and the Trafford Centre are amongst shopping centres that could be forced into closure, after retail giant Intu warned it will have to call in the administrators if it cannot reach a rescue deal with lenders.

The debt-laden shopping giant today said it was likely to collapse into administration following the failure of talks with lenders, in a move that could be devastating for the high street following months of losses from the coronavirus pandemic.

The company, which has £4.5billion worth of debt is facing a huge fall in rents from struggling retailers. It previously also warned it expects the amount it collects from rents and service charges to tumble by £181.6million this year.

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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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