The Trafford Centre is one of a number of shopping Centre’s under threat after its owner intu says it is likely to appoint administrators after talks with creditors stalled.
The group which also ownsthe Metrocentre in Gateshead and Lakeside in Essex, said that it had been in talks with creditors to try and seek standstill arrangements, but it added: “Unfortunately, insufficient alignment and agreement has been achieved on such terms.
The Company which had been in trouble before the Coronavirus pandemic hit issued a warning earlier this week after it had been revealed bankers to collect much of its rents from retailers forced to close during lockdown
Intu employs nearly 3,000 people, with a further 102,000 people working in its 17 UK shopping centres.
Another 30,000 people work in intu’s broader supply chain.
