Intu’s share price has stumbled again, struck by growing signs of an imminent collapse into administration.
The troubled shopping centre landlord was the biggest faller among the REITs today, finishing the day down 4.56% at 4.4p.
The company has put KPMG on standby to act as administrator, while it engages in critical talks with stakeholders ahead of a covenant waiver deadline on Friday.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
