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Intu

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prompted more retailers to delay rent payments to Intu, the company warned that it would need some waivers from its lenders and was likely to breach its debt covenants in July; its shares fell 11% to 3.6p in the first hour of trading following the warning. On 23 June, the company warned that shopping
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In January 2013, CSC announced its rebranding as Intu and the renaming of twelve of its shopping centres to incorporate the new consumer-facing brand. A new orange and black brand identity was introduced at the same time, including a bird logo said to represent a "symbol of joy". At the same time and
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as property manager. Intu SGS took full control of the four centres, with Global Mutual & Savills assuming management, in October. In September, the transfers of Intu Derby, Merry Hill, and Milton Keynes to new owners were confirmed. Intu announced that Chapelfield would also be transferred to
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In March 2020, Intu abandoned a £1.3 billion emergency cash call as not enough investors were willing to support the call. The company had £4.5 billion of debt. The company subsequently warned that it could collapse if unable to raise further funds, after reporting a loss of £2bn for 2019. Intu
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in 1980 under the name Transatlantic Insurance Holdings plc as an offshoot of Liberty Life Association of Africa, a business he had founded in 1957. The company developed into a leading investor in life assurance businesses in the 1980s and divested its remaining life assurance interests (a 29%
389: 443:. The 20% stake in CSC was worth approximately £700m at the time, valuing the Trafford Centre at approximately £1.65 billion. Whittaker continued to purchase shares after the takeover and became the largest shareholder in 2012, with a stake of 24.63%. 529:
for £3.4 billion, subject to shareholder approval. In April 2018, Hammerson recommended that its shareholders reject the proposed takeover. With Intu hit by declining footfall on the high street and failures among major retailers, Peel Group,
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In August, Intu SGS, a subsidiary of Intu and holding company for Intu Watford, Braehead, Victoria Centre and Lakeside, received funding to take full control of the four centres, appointing Global Mutual as asset manager and
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business unit to form an independent business. The company adopted the Intu name on 18 February 2013, and this was followed by the rebranding of most of its shopping centres under the Intu title from May 2013.
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in response to changing consumer behaviour, Intu launched the UK's first online shopping centre and insourced all shopping centre staff, previously employed by facilities management company
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was Intu's most valuable asset at £1.66 billion in 2019. Following administration June 2020, Intu's creditors took control in November 2020 forming The Trafford Centre Limited.
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centres might close if financial restructuring talks with lenders failed, and lined up KPMG as administrators as a "contingency". On 26 June, Intu went into
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As of 31 December 2019 the company's investment properties were valued at £5.9 billion, when Intu owned or part-owned 17 shopping centres in the UK:
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shares had lost almost 90% of their value in a year, and the results announcement prompted a 25% drop to just over 4p. On 26 March, as the
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in June 2020. The company owned or part-owned 17 shopping centres in the UK and one in Spain prior to entering administration.
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launched a £2.8bn takeover bid in October, but, after due diligence procedures, they withdrew the offer in November 2018.
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subsidiary Capital and Counties USA, which was acquired by Equity One in May 2010. Equity One was later acquired by
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for a £867.8m property deal that saw Intu take complete ownership of Westfield's Derby shopping centre and
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Permanently closed its doors before Intu's closure, ownership was handed back to Nottingham City Council.
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In November 2019, Intu said it was in talks to sell three Spanish shopping centres: Puerto Venecia in
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Management taken over by LaSalle Investment Management and mall renamed Chantry Place
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50% sold to Cale Street Investments giving them 100% ownership. Mall renamed Derbion
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In December 2017, the company agreed to a takeover by property development company
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Transferred to The Trafford Centre Limited and mall renamed The Trafford Centre
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The company announced on 27 February 2013 that it had agreed to purchase
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for £250.5 million. The sale was completed by the end of March 2013.
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in May 2010, renamed itself Capital Shopping Centres Group (CSC).
387: 1902:"Eldon Square under new management following intu administration" 1650:"Intu warns shopping centres may close as funding talks continue" 1483:"intu Properties Completes Spanish Sale To Carry On Cutting Debt" 1314:"CSC announces new consumer brand and new online shopping portal" 3388:
Companies that have entered administration in the United Kingdom
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Management transferred to Savills and mall renamed The Chimes
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Management taken over by MAPP and mall renamed Eldon Square
1194:"Regency Centers and Equity One Announce Closing of Merger" 861:
Transferred to MAPP and mall renamed The Potteries Centre
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Sale to Intu SGS agreed, renamed Braehead Shopping Centre
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The company also disposed of a significant holding in its
1268:"Westfield sells Nottingham's Broadmarsh shopping centre" 1434:"Bullring owner Hammerson pulls back from Intu takeover" 838:
Sale to Ellandi agreed and mall renamed Midsummer Place
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In March 2014, Intu announced that it had purchased the
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The 2013 logo in landscaped form at Intu Trafford Centre
2100: 1374:(Press release). Intu Properties plc. 27 February 2013. 1540:"Intu sells another Spanish shopping centre for £245m" 953:
Sale to Global Mutual and mall renamed atria Watford
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intu 50% to be sold to Northwood by the end of 2020
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Real estate investment trusts of the United Kingdom
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Companies listed on the Johannesburg Stock Exchange
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Trafford Centre staff get makeover as redcoats axed
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Archived from 1676:"Shopping centre giant Intu enters administration" 1619:"Intu suffers as commercial tenants withhold rent" 1617: 1290:"Mall owner CSC to change name to intu properties" 1213:"Trafford Centre set for £1.6bn sale to CSC group" 1803:"Intu Milton Keynes snapped up by property group" 27:United Kingdom-based real estate investment trust 3398:Financial services companies established in 1980 3192:Institute of Workplace and Facilities Management 580:new owners, although these were not identified. 439:and offered a 20% stake in CSC to Peel chairman 1372:"Acquisition of Midsummer Place, Milton Keynes" 1001:Intu share transferred to M&G Real Estate 979:Intu share transferred to M&G Real Estate 2292: 2116: 8: 998:Intu/M&G Real Estate 95.3%, Others 4.7% 976:Intu/M&G Real Estate 66%, JT Baylis 34% 795:Management taken over by Sovereign Centros 714:Intu 50%, LaSalle Investment Management 50% 692:Intu 50%, LaSalle Investment Management 50% 409:developer, securing itself a listing on the 32: 3235:Authorised Conveyancing Practitioners Board 3280:Tenancy Deposit Scheme (England and Wales) 3240:Building regulations in the United Kingdom 2356: 2299: 2285: 2277: 2123: 2109: 2101: 1386:"Merry Hill centre bought in £407.7m deal" 1026:Intu share transferred to Land Securities 670:Was Intu 70%, Nottingham City Council 30% 602: 122: 38: 31: 1122: 1120: 1118: 1075:"Results for year ended 31 December 2019" 3373:British companies disestablished in 2020 3212:Royal Institution of Chartered Surveyors 368:The company's shares were listed on the 1727:Szajna-Hopgood, Ava (19 October 2020). 1329:, Manchester Evening News, January 2013 1316:. Intu Properties plc. 15 January 2013. 1057: 3403:Shopping centres in the United Kingdom 1408:"Shopping centres sold in £3.4bn deal" 1069: 1067: 1065: 1063: 1061: 3207:Royal Institute of British Architects 3197:National Association of Estate Agents 2052:(in European Spanish). 9 October 2020 1827:Culot, Caroline (27 September 2020). 1630:from the original on 11 December 2022 1211:Thompson, Thomas (25 November 2010). 356:, it changed its name in May 2010 to 7: 1481:Collard, George (23 December 2019). 1238:"Whittaker spends £2m on CSC shares" 450:Former Capital Shopping Centres logo 350:Transatlantic Insurance Holdings plc 3326:Public estate in the United Kingdom 1513:"Intu sells Spanish mall for €475m" 396:The company was established by Sir 3285:Tenancy deposit schemes (Scotland) 2870:Nathaniel Lichfield & Partners 2489:London & Associated Properties 1879:Nazir, Sahar (11 September 2020). 1801:Nazir, Sahar (25 September 2020). 1753:Nazir, Sahar (11 September 2020). 1538:Jahshan, Elias (28 January 2020). 358:Capital Shopping Centres Group plc 67:Capital Shopping Centres Group plc 25: 3368:2020 disestablishments in England 3245:Council for Licensed Conveyancers 2479:London & Continental Railways 2404:Capital & Counties Properties 2308:Real estate in the United Kingdom 1616:Hammond, George (26 March 2020). 1298:. 15 January 2013. Archived from 1150:"The UK's 10 most shorted stocks" 415:Capital & Counties Properties 392:Former Liberty International logo 376:stock exchanges until it entered 362:Capital & Counties Properties 3408:Shopping center management firms 3342: 3341: 3275:Short Assured Tenancy (Scotland) 2494:London & Regional Properties 2087: 1979:Nazir, Sahar (16 October 2020). 1456:"Another Intu rescue deal fails" 3301:British Railways Property Board 3202:National House Building Council 3187:Building Research Establishment 1701:Nazir, Sahar (27 August 2020). 1244:. 14 March 2012. Archived from 788:Intu 54%, GIC Real Estate 36%, 323: 3057:London & Stamford Property 2419:Coin Street Community Builders 2202:(Trafford, Greater Manchester) 1489:. Allianc News. Archived from 1152:. City Wire. 21 September 2010 503:(now Intu Milton Keynes) from 1: 2329:Economy of the United Kingdom 1782:. BBC News. 17 September 2020 1564:Sweney, Mark (4 March 2020). 1174:. Street Insider. 24 May 2010 1042:intu 50%, TH Real Estate 50% 346:real estate investment trust 3182:British Property Federation 1077:. London Stock Exchange RNS 959:The Mall at Cribbs Causeway 431:In 2011, CSC purchased the 426:Regency Centers Corporation 193:Administration then closure 147:; 44 years ago 3424: 871:£1,669.5m (£1.67 billion) 814:Intu 100% as of June 2016 512:Merry Hill Shopping Centre 157:(as Liberty International) 3378:Companies based in London 3339: 3230:Assured shorthold tenancy 3072:Primary Health Properties 2559:St Martins Property Group 2314: 2002:"Important centre update" 1436:. BBC News. 18 April 2018 985:Manchester Arndale Centre 834: 354:Liberty International plc 301:£(1,542.7) million (2019) 65:Liberty International plc 37: 2484:London Central Portfolio 2319:Affordability of housing 2196:(Hanley, Stoke-on-Trent) 1097:"Sir Donald Gordon - CV" 969:, Gloucestershire (near 927:Sale to Intu SGS agreed 769:Sale to Intu SGS agreed 18:Capital Shopping Centres 3331:UK mortgage terminology 3140:Howard de Walden Estate 2796:Cushman & Wakefield 2747:BNP Paribas Real Estate 2078:24 October 2020 at the 1270:. BBC. 10 November 2011 948:Watford Borough Council 901:Kumpulan Wang Persaraan 817:Sale to Ellandi agreed 753:£1,000.0m (£1 billion) 324:Intu List of Properties 254:Chief Executive Officer 3260:The Property Ombudsman 3250:Land tenure in England 3077:Redefine International 3032:Great Portland Estates 2779:Colliers International 1460:The Construction Index 1345:. BIFM. Archived from 738:Newcastle City Council 597: 487: 451: 393: 76:Public limited company 2865:LSL Property Services 2855:John D Wood & Co. 2534:Sellar Property Group 2409:Capital & Centric 2172:(Newcastle Upon Tyne) 995:, Greater Manchester 877:, Greater Manchester 641:, Renfrewshire (near 591: 549:, and intu Xanadu in 522:in Northern Ireland. 485: 449: 411:London Stock Exchange 391: 222:United Kingdom, Spain 177:; 4 years ago 2813:Deloitte Real Estate 2657:McCarthy & Stone 2564:St Modwen Properties 1906:Bdaily Business News 1340:"Award Winners 2015" 912:intu Victoria Centre 867:intu Trafford Centre 790:Church Commissioners 460:Westfield Broadmarsh 360:after demerging its 289:542.3 million (2019) 44:Intu logo since 2013 2890:RH & RW Clutton 2752:Strutt & Parker 2687:Retirement Villages 2539:Shaftesbury Capital 2519:Opal Property Group 2454:Heron International 2008:. 10 November 2020. 1833:Eastern Daily Press 1682:. BBC. 26 June 2020 1248:on 6 September 2012 545:, intu Asturias in 536:Brookfield Property 505:Legal & General 342:Intu Properties plc 277:commercial property 34: 33:Intu Properties plc 2399:Canary Wharf Group 2394:Cain International 2360:Developers, Owners 2259:Intu Braehead Soar 2230:Intu Milton Keynes 2224:Manchester Arndale 1960:on 31 January 2017 1519:. 23 December 2019 1462:. 29 November 2018 922:, Nottinghamshire 823:intu Milton Keynes 667:, Nottinghamshire 598: 488: 466:in November 2011. 454:CSC purchased the 452: 394: 120:GB0006834344  3355: 3354: 3163: 3162: 3118:Estates in London 3042:Hansteen Holdings 2554:Span Developments 2344:Property retailer 2274: 2273: 2170:Intu Eldon Square 2074:Official website 2026:. 18 October 2020 1934:. 26 October 2020 1932:The Northern Echo 1908:. 15 October 2020 1860:. 20 October 2020 1414:. 6 December 2017 1196:(Press release). 1049: 1048: 896:, Greater London 723:intu Eldon Square 564:COVID-19 pandemic 339: 338: 16:(Redirected from 3415: 3345: 3344: 3150:Pettiward Estate 3017:Big Yellow Group 2990:UK Property Shop 2912:The Modern House 2357: 2301: 2294: 2287: 2278: 2188:Intu Metrocentre 2158:Intu Chapelfield 2139:Shopping centres 2125: 2118: 2111: 2102: 2097: 2095:Companies portal 2092: 2091: 2090: 2062: 2061: 2059: 2057: 2042: 2036: 2035: 2033: 2031: 2024:Watford Observer 2016: 2010: 2009: 1998: 1992: 1991: 1989: 1987: 1976: 1970: 1969: 1967: 1965: 1950: 1944: 1943: 1941: 1939: 1924: 1918: 1917: 1915: 1913: 1898: 1892: 1891: 1889: 1887: 1876: 1870: 1869: 1867: 1865: 1850: 1844: 1843: 1841: 1839: 1824: 1818: 1817: 1815: 1813: 1798: 1792: 1791: 1789: 1787: 1776: 1770: 1769: 1767: 1765: 1750: 1744: 1743: 1741: 1739: 1724: 1718: 1717: 1715: 1713: 1698: 1692: 1691: 1689: 1687: 1672: 1666: 1665: 1663: 1661: 1646: 1640: 1639: 1637: 1635: 1621: 1613: 1607: 1606: 1604: 1602: 1587: 1581: 1580: 1578: 1576: 1561: 1555: 1554: 1552: 1550: 1535: 1529: 1528: 1526: 1524: 1509: 1503: 1502: 1500: 1498: 1478: 1472: 1471: 1469: 1467: 1452: 1446: 1445: 1443: 1441: 1430: 1424: 1423: 1421: 1419: 1404: 1398: 1397: 1395: 1393: 1382: 1376: 1375: 1368: 1362: 1361: 1359: 1357: 1352:on 27 March 2018 1351: 1344: 1336: 1330: 1324: 1318: 1317: 1310: 1304: 1303: 1302:on 5 March 2016. 1286: 1280: 1279: 1277: 1275: 1264: 1258: 1257: 1255: 1253: 1242:Place North West 1234: 1228: 1227: 1225: 1223: 1208: 1202: 1201: 1190: 1184: 1183: 1181: 1179: 1168: 1162: 1161: 1159: 1157: 1146: 1140: 1139: 1138:on 3 March 2017. 1134:. 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Archived from 1093: 1087: 1086: 1084: 1082: 1071: 943:, Hertfordshire 858:, Staffordshire 811:, West Midlands 785:, Tyne and Wear 775:intu Metrocentre 733:, Tyne and Wear 679:intu Chapelfield 603: 520:Sprucefield Park 458:'s 75% stake in 296:Operating income 273:shopping centres 212:, United Kingdom 185: 183: 178: 155: 153: 148: 127: 126: 42: 35: 21: 3423: 3422: 3418: 3417: 3416: 3414: 3413: 3412: 3358: 3357: 3356: 3351: 3335: 3311:Estates Gazette 3289: 3270:Right to Manage 3222: 3216: 3169: 3159: 3135:Grosvenor Group 3130:Cadogan Estates 3117: 3116:Privately Owned 3111: 3107:Workspace Group 3004: 3002: 2996: 2927: 2921: 2833:Harrods Estates 2734: 2728: 2637:Crest Nicholson 2594: 2588: 2584:West Properties 2579:Trafalgar House 2543:Shaftesbury plc 2424:Daejan Holdings 2374:Ballymore Group 2361: 2348: 2310: 2305: 2275: 2270: 2247: 2242:Victoria Centre 2232:(Milton Keynes) 2218:Cribbs Causeway 2200:Trafford Centre 2182:Intu Merry Hill 2178:(West Thurrock) 2152:Intu Broadmarsh 2134: 2129: 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Index

Capital Shopping Centres

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Traded as
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Property
Donald Gordon
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Chairman
John Whittaker
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Investment
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commercial property
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Operating income
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Capital & Counties Properties

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