Intu Properties, owner of a large number of shopping centres including Lakeside in Essex, The Trafford Centre in Manchester and the MetroCentre in Gatehead, has called in the receivers.
It is to be hoped that this Company with its massive real estate portfolio does not fall into the hands of a foreign Company as has happened with much of central London. I can envisage that this would be an attractive proposition for a Saudi Arabia that needs to diversify as oil revenues fall.
Saturday, 27 June 2020
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