Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Intu calls in advisers

Shopping centre owner Intu is reported to have drafted in advisers to work on a balance-sheet restructuring. 

Sky News said the owner of Manchester’s Intu Trafford Centre has hired PWC in the last few days. 

They will work alongside Intu’s existing financial advisers. 

The news comes after Intu issued an income warning in November. It said it expects full-year like-for-like net rental income for the three months to 30 September to be down 9% year on year, blaming company voluntary arrangements at Arcadia Group and Monsoon for “more than half” of the reduction.

Intu has been contacted for comment. 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.