Britain’s biggest shopping centre owner Intu collapses

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Britain’s biggest shopping centre owner Intu has fallen into administration but says its sites will remain open and continue to trade.

The collapse of the group, which owns the Trafford Centre in Manchester, the Metrocentre in Gateshead and Lakeside in Essex, will arguably be the most significant corporate casualty of the coronavirus pandemic so far.

The appointment of KPMG comes after talks with creditors stalled.

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