June 26, 2020 / 4:52 PM / 11 days ago

Administrators appointed to UK shopping centre company Intu

LONDON, June 26 (Reuters) - KPMG said it had appointed administrators to Britain’s Intu Properties on Friday after the owner of shopping centres including Manchester’s Trafford Centre and Lakeside in Essex failed to secure a debt repayment agreement with its creditors.

“All of the shopping centres will remain open and operational while the joint administrators assess options for the business and assets of the group,” KPMG said. (Reporting by Paul Sandle; editing by Stephen Addison)

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