Trafford Centre and Lakeside owner warns it could go bust after £2bn loss

Intu writes down asset values amid severe retail downturnIntu Properties, the owner of shopping malls including the Trafford Centre in Manchester and Lakeside in Essex, has warned it could collapse if it is unable to raise further funds.The struggling shopping centre giant posted a loss of £2bn for 2019, up from £1.17bn the year before. A spate of retailer administrations and restructurings forced Intu to write down the value of its centres by nearly £2bn. The estimated value o