Rochdale shopping centre to close its doors due to accelerated shift in retail habits
Landlords yet to receive more than half of payments from struggling retailers
Covid-19 and online shopping have put malls on the brink of extinction. But will we miss them when they’re gone?
Stricken shopping mall owner intu has sold its remaining stake in its Derby mall to real estate investment firm Cale Street Partners.
Scotland will see "the most significant easing of lockdown" this week with shopping centres, pubs and restaurants reopening, the first minister has said.
Tenants of Landsec, which also runs Trinity Leeds shopping centre, paid 92% of bill last year
Jim Tucker, David Pike and Mike Pink from KPMG’s restructuring practice, have been appointed joint administrators to intu properties plc, the listed ‘Topco’ of the intu group, in addition to eight Topco subsidiaries.
Embattled shopping centres owner Intu Properties on Tuesday predicted the amount it collects from rents and service charges will tumble by £181.6 million this year.
The major expansion planned for Meadowhall in Sheffield has been shelved as its owners look to protect themselves from the threats of clicks and coronavirus.
Shopping centre operator Intu has warned that it risks defaulting on its debts unless its lenders give the firm significant breathing space.
Struggling shopping centre owner Intu has threatened to take legal action against big brands that are refusing to pay rent during the lockdown.
Embattled shopping centres owner Intu on Friday said it has secured some crucial breathing space from lenders as it copes with Covid-19 disruption.
Embattled shopping centres owner Intu on Friday lined up the first three properties it will try to sell as it seeks to pay down its £4.5 billion debt mountain.
The owner of the Trafford Centre and the Arndale Centre made losses of more than £2bn over the last 12 months.
Embattled landowner Intu said the £800m increase in losses was largely driven by falling property values at its shopping centres.
The owner of some of the UK's biggest shopping centres has abandoned an emergency fund raising.
intu, the owner of the Merry Hill shopping centre, has signed a new £440m credit facility.
5 decades of Moore’s Law (which states that computing power doubles every 18 months) means that in the 2020’s we will experience change at a pace that makes the current decade seem positively sluggish. A Trinity of Transformation, involving more data, more compute power and more advanced algorithms is underway.
Intu, which owns some of the UK's biggest shopping centres, has approached its shareholders to ask for more money amid a downturn in the retail sector.
Capitalising on bargain prices, Swedish chain thought to be looking for other similar sites
Shirebrook-based Sports Direct has bought a retail park in Hertfordshire in a deal worth £25.4m.
Opt in here