Shopping centre owner Intu collapses into administration

Firm that runs Lakeside and Trafford Centre fails to secure creditor deal before deadlineIntu Properties has collapsed into administration after the heavily indebted shopping centre owner failed to secure an agreement with its creditors.The company, whose centres include Lakeside in Essex, the Trafford Centre in Manchester and Gateshead’s Metrocentre, has debts of more than £4.5bn and was unable to persuade lenders to grant a standstill on debt repayments before a Friday night deadli