Intu warns of breach in debt commitments as retail rents collapse

Shopping centre owner seeks waivers from lenders; says it has received 29% of rent dueIntu Properties, one of Britain’s biggest shopping centre owners, has warned it will breach the terms on its debt commitments following a collapse in the rents received from its retail tenants, unless it can secure debt waivers from its lenders.The owner of the Trafford Centre in Manchester and Lakeside in Essex said it had received just 29% of rents due this month from its tenants, compared with 77% a ye