Blow for Lakeside owner Intu as investor shuns £1bn cash call

Hong Kong-based Link pulls out of refinancing plan a day after talks were confirmed

Intu Properties was dealt another blow on Tuesday after a Hong Kong-based investor pulled out of plans to take part in the shopping centre group’s emergency cash call – a day after it had confirmed talks.

The debt-laden company behind centres including the Trafford Centre in Manchester and Lakeside in Essex said it had been informed by Link Real Estate Investment Trust “of its intention to no longer participate in a recapitalisation of the company”.

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Source: theguardian – realestate
Blow for Lakeside owner Intu as investor shuns £1bn cash call