×
1 313
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots, Fosse Park- 7.5 Hours - Part Time, Permanent
Permanent · Leicester
MICHAEL KORS
Sales Supervisor, Multrees Walk
Permanent · EDINBURGH
VASHI
Talent Acquisition Partner
Permanent · LONDON
LEVI'S
Senior Trade Compliance Analyst
Permanent · Northampton
FOOT LOCKER
Geo Marketing Manager United Kingdom
Permanent · London
VANS
Account Coordinator - French Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
Tom Ford - Business Manager - Selfridges, Birmingham - 37.5 Hours - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Marketing Executive, Tom Ford Beauty, Kilian, Darphin And le Labo - Travel Retail Emea (Based London)
Permanent · London
ESTÉE LAUDER
Corporate Account Executive, Lagardere, Dfs, Inflight And Aquatic - Travel Retail Emea (Based London)
Permanent · London
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
Published
Mar 16, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Intu to sell three major malls in bid to raise cash

Published
Mar 16, 2020

Intu is reportedly looking at selling its centres in Merry Hill and Milton Keynes and its 50% in St David’s, Cardiff after revealing it could go bust unless it raises extra funds.


Intu



The shopping centre operator has already sold a 50% stake in its Intu Derby centre to Kuwait-backed Cale Street Investments, and disposed of its two malls in Spain for a combined £324 million in 2019.

The three UK centres being put on the block have a combined value of just over £1 billion, but have nearly £800 million of debt held against them, reported the Evening Standard. If sold at book value, that would provide £214.4 million of equity.

Agents at CBRE have been appointed to market the buildings.

Intu is in a race against time to secure extra cash after a planned equity raise of up to £1.5 billion failed to get enough support from potential investors. 

Last week, the company warned that there is material uncertainty over its ability to survive after suffering losses of about £2 billion in 2019. It blamed "extreme market conditions" for investors’ jitters.

More shopping centres could be put on sale if Intu’s financial struggles continue. Its UK property portfolio includes Trafford Centre, Manchester Arndale and Intu Metrocentre. 

Copyright © 2022 FashionNetwork.com All rights reserved.