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UK's Largest Shopping Center Owner Collapses After Failing to Reach Deal With Creditors

Intu Appoints Administrators to Sort Out Finances
Intu Lakeside Shopping Centre sits in Grays, east of London. (Daniel Leal-Olivas/AFP via Getty Images)
Intu Lakeside Shopping Centre sits in Grays, east of London. (Daniel Leal-Olivas/AFP via Getty Images)
CoStar News
June 26, 2020 | 3:51 P.M.

Intu, the U.K.'s largest shopping center owner, has formally appointed administrators to sort out its financial troubles, becoming the latest high-profile landlord to fall victim to the changing retail environment.

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