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Tag: commitments

Intu warns of breach in debt commitments as retail rents collapse | Business

Intu Properties, one of Britain’s biggest shopping centre owners, has said it will breach the terms on its debt commitments following a collapse in the rents received from its retail tenants unless it can secure debt waivers from its lenders. The owner of the Trafford Centre in Manchester and Lakeside in Essex said it had …

Intu warns of breach in debt commitments as retail rents collapse | BusinessRead More