Intu the unknown: retail landlord faces up to a fundamental threat

The shopping centre owner is taking emergency action to stabilise its struggling malls and collapsing share price

On a midweek evening before the first payday after Christmas, the Lakeside shopping centre in Essex is buzzing with couples, teens and families with their children. They are browsing the shops, but not everyone is buying.

Becky lives not far from the centre in east London and is visiting with her three-year-old daughter and sister to “kill a bit of time”. “We come here all the time,” she said, “not even for the shopping. We come here mainly to eat. The free parking is a huge draw.”

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Source: theguardian – realestate
Intu the unknown: retail landlord faces up to a fundamental threat