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Struggling Trafford Centre owners Intu threaten 'robust action' against tenants over rent

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manchestereveningnews.co.uk

The owner of the Trafford Centre has threatened 'robust action' against large tenant businesses who haven't paid their rent during the coronavirus lockdown.

The cash-strapped retail property firm Intu says it has only received 40% of all rent and service charge for the first quarter of the year, which was due by the end of March.

The firm warned in March it could collapse if it cannot find further funds after losing £2bn in 2019. Intu Properties - which owns nine of the country's top 20 shopping centres - has been struggling to cope with the shrinking high street retail market.

Almost all the shops at the Trafford Centre have been closed since lockdown began on March 23 - the only outlets that remain open for business are M&S (food only),

Read more on manchestereveningnews.co.uk
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